“万亿度电”的中国心跳

Core Insights - China's electricity consumption reached a record-breaking one trillion kilowatt-hours in July and August 2025, highlighting the robust growth of the economy [3] - The surge in electricity usage is driven not only by high temperatures but also by accelerated industrial upgrades, particularly in sectors like new energy vehicles, photovoltaic manufacturing, and equipment manufacturing [3] - The energy supply side shows strong resilience, with over 90% of the incremental demand covered by domestic energy self-sufficiency, and renewable energy capacity exceeding 1.7 billion kilowatts [3] Industry Analysis - The record electricity consumption reflects a transformation in China's economic structure, moving from merely high electricity usage to more efficient and quality-driven electricity consumption [3] - The increase in residential electricity consumption by 18% year-on-year indicates a shift towards lifestyle upgrades, with sectors such as night economy, fitness, and e-commerce contributing significantly [3] - The stability and greening of the power grid, supported by cross-province transmission and emergency systems, ensure that the electricity supply can withstand high demand and pressure [3]