两个万亿度，折射经济增长新动能（经济新方位）

Core Insights - China's total electricity consumption reached 10,154 billion kWh in August, marking a 5.0% year-on-year increase, and this is the second consecutive month of surpassing the trillion kWh mark [1] - The growth in electricity consumption is attributed to high temperatures and humidity during the summer, which boosted residential electricity usage, as well as the development of new productive forces contributing to economic growth [1] Production Sector - Manufacturing is transitioning towards "new" and "green" practices, with significant growth in electricity consumption observed in high-tech manufacturing, which saw a 9.3% increase in value added year-on-year [2] - In August, the electricity consumption of the manufacturing sector grew by 5.5%, the highest this year, with notable recoveries in raw material industries like steel and chemicals [2] - High-tech and equipment manufacturing sectors experienced a 9.1% increase in electricity consumption, outperforming the average growth rate of the manufacturing sector by approximately 4.6 percentage points [2] Green Transition - The wind power industry is experiencing rapid growth, with a 53% year-on-year increase in gearbox production for wind turbines in August [3] - The production of wind power generation units surged by 78.1%, alongside strong performances in electric vehicles and solar batteries, indicating steady progress in green transformation [3] - The first industry’s electricity consumption reached 164 billion kWh in August, reflecting a 9.7% year-on-year increase, driven by agricultural production and rural electrification [3] Consumer Sector - The tourism and cultural consumption sectors are rebounding, with significant increases in electricity consumption during the summer holidays, such as a 23% increase in Tangshan's cultural tourism industry [4] - In Jiangsu, the combination of summer tourism and sports events led to a doubling of electricity load compared to the previous year [4] - Online retail sales grew by 9.6% in the first eight months of the year, with significant contributions from live-streaming and smart logistics, enhancing electricity consumption in retail and transportation sectors [5] Investment Sector - Investment in new infrastructure, including charging stations and data centers, is on the rise, contributing to increased electricity consumption [6] - In Shenzhen, charging stations recorded a 14.31% year-on-year increase in electricity consumption, with plans for further expansion [6] - The total number of electric vehicle charging infrastructure reached 17.348 million by the end of August, a 53.5% increase year-on-year, reflecting the growing demand for electric vehicle charging [6] Data and Computing Sector - The Guizhou supercomputing center reported a 57.54% year-on-year increase in electricity consumption, driven by the demand for data processing in film production [7] - The internet and related services sector saw a 28.8% increase in electricity consumption in the first eight months, fueled by the rapid development of mobile internet and cloud computing [7] - The share of renewable energy in total electricity consumption is increasing, with nearly 25% of electricity generated from wind and solar sources in the first half of the year [7]