China’s electricity consumption is expected to rise by 7% in the second half of the year from the same period last year, expanding by 4 percentage points from the previous six months, according to a report released by the China Electricity Council on Thursday.
China is expected to see property sales by floor area grow at a slower pace in 2022, property prices rise slightly, new construction starts decline further and the growth of real estate investment slow significantly, according to a new report released by the Chinese Academy of Social Sciences (CASS), a top government think tank.
China’s economic activities are expected to pick up marginally in May as Covid-19 restrictions eased, with industrial output, retail sales and investment declining at a slower pace, said economists.
China on Monday rolled out a broad package of measures to support businesses and boost consumption in an effort to push the economy back onto a normal track and maintain the economic operations within a reasonable range.
