Industrial Output on a Downswing

Note: China's industrial output is facing various impacts from the government's efforts to reduce energy consumption and pollution, regulate local financing platforms, and measures for cooling the property market. In June, value-added output from large scale industries increased 13.7 percent from the same period last year, down 2.8 percentage points from May. At the same time, total power consumption and power production had slower growth. Due to the decrease of industrial power demand and the large basis late last year, the year-on-year growth of China's power production and consumption are expected to continue slowing in the short term.

Source: Wind Info