Core Insights - In October, China's total electricity consumption reached 857.2 billion kilowatt-hours, marking a year-on-year increase of 10.4%, the highest monthly growth rate this year [1] - From January to October, total electricity consumption accumulated to 8.6246 trillion kilowatt-hours, with a year-on-year growth of 5.1%, indicating a positive trend in the national economy [1] Factors Contributing to Growth - The high growth rate in October is attributed to multiple factors, including a low base from the previous year and the effective release of consumer potential during the overlapping National Day and Mid-Autumn Festival holidays [2] - The "autumn tiger" phenomenon, characterized by significant temperature increases in southern China, led to a surge in residential cooling electricity consumption, with notable increases in Jiangxi (65.9%), Zhejiang (63.2%), and Shanghai (47.0%) [2] Sector Performance - The primary industry showed steady growth, with October electricity consumption at 12 billion kilowatt-hours, up 13.2% year-on-year [3] - The secondary industry, as the main electricity consumer, recorded 568.8 billion kilowatt-hours in October, a 6.2% increase, with high-tech and equipment manufacturing sectors performing particularly well, growing by 11% [3] - The tertiary industry emerged as one of the fastest-growing sectors, with October electricity consumption at 160.9 billion kilowatt-hours, up 17.1% year-on-year, driven by the retail and information technology services sectors [3] Long-term Economic Outlook - From January to October, the tertiary industry's electricity consumption reached 1.67 trillion kilowatt-hours, growing by 8.4%, reflecting the deepening transition of China's economic dynamics [4] - The overall electricity consumption data indicates an improvement in economic activity, consumer potential release, and optimization of industrial structure, reinforcing a positive long-term economic outlook [4]

Core Insights - In October, China's total electricity consumption reached 857.2 billion kilowatt-hours, marking a year-on-year increase of 10.4%, the highest monthly growth rate this year [1] - From January to October, total electricity consumption accumulated to 8.6246 trillion kilowatt-hours, with a year-on-year growth of 5.1%, indicating a positive trend in the national economy [1] Group 1: Factors Driving Electricity Consumption Growth - The significant increase in electricity consumption in October is attributed to multiple factors, including a low base from the previous year and the effective release of consumer potential during the overlapping National Day and Mid-Autumn Festival holidays [2] - The "autumn tiger" phenomenon, characterized by high temperatures in southern China, particularly in Jiangxi, Zhejiang, and Shanghai, led to a surge in residential cooling electricity usage, with increases of 65.9%, 63.2%, and 47.0% respectively [2] Group 2: Sectoral Electricity Consumption Analysis - The primary industry showed steady growth, with October electricity consumption at 12 billion kilowatt-hours, a year-on-year increase of 13.2% [3] - The secondary industry, as the main electricity consumer, recorded 568.8 billion kilowatt-hours in October, with industrial electricity consumption growing by 6.4% [3] - The high-tech and equipment manufacturing sectors performed notably well, with October electricity consumption increasing by 11%, particularly in the electrical machinery and automotive manufacturing sectors [3] Group 3: Tertiary Industry and Overall Economic Indicators - The tertiary industry emerged as one of the fastest-growing sectors, with October electricity consumption at 160.9 billion kilowatt-hours, a year-on-year increase of 17.1% [3] - The cumulative electricity consumption of the tertiary industry from January to October reached 1.67 trillion kilowatt-hours, reflecting a year-on-year growth of 8.4% [4] - The overall electricity consumption data indicates a positive trend in economic activity, consumer potential release, and industrial structure optimization in China [4]