国内英语资讯:Economic Watch: Power consumption reveals Chinas economic vitality_时事

国内英语资讯:Economic Watch: Power consumption reveals Chinas economic vitality

"The growth of power use in traditional industries and manufacturing sector has been stable, while industries connected with digitization and informatization see drastic rises in power consumption, which illustrates new driving forces are steadily replacing the old ones," Ye said.

Xuzhou, an old coal city in east China, is mining its new fortune in equipment manufacturing.

"In the first four months of 2019, equipment manufacturers' power use rose 60.37 percent year on year thanks to considerable order size," said Li Ying, head of the Department of Planning of the State Grid Xuzhou Power Supply Company.

Xuzhou Construction Machinery Group (XCMG), China's leading construction machinery manufacturer, is exporting products to more than 183 countries and regions worldwide. In March alone, XCMG's exports have exceeded 100 million U.S. dollars.

In the four months from January, power use of the tertiary industry and the urban and rural residents increased 10.5 percent and 10.9 percent respectively, becoming the main driver of the power use rise in the country, according to the CEC.

Analysts said the new trend of consumption is stimulating enormous domestic market demand while Internet, big data and artificial intelligence integrated deeply with the real economy are continually changing people's lives.

"Consumption upgrading breeds new engines for the economic growth, filling more confidence and resilience with China's economy," said Li Daokui, dean of the Institute for China's Economic Practice and Thinking of Tsinghua University.