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  • 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. [View news story]
    Perhaps Joesph Fong of Jefferies should also tune in to the weather channels in mainland before penning his conclusion. The diabolic weather could be the root cause of China recent surge in power consumption.
    Dec 28 04:11 AM | Likes Like |Link to Comment
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