China’s official economic data is notoriously suspect, so power demand is often viewed as a good...

|By:, SA News Editor

China’s official economic data is notoriously suspect, so power demand is often viewed as a good proxy for what’s really happening on the ground, and Jefferies' Joseph Fong thinks China’s power usage is showing strong growth. Fong sees an 8%-10% increase this month, a 5%-6% gain for all of 2012 - impressive, considering demand rose just 3% in August - and forecasts power demand to grow 4.8% in 2013.