Rising electricity use is the best indicator of China's economic improvement
Rising electricity use is the best indicator of China's economic improvement. Power use by manufacturing, mining and construction companies climbed to its highest level since 2009 during July, rebounding from a two-year low in February. Increased use of electricity, along with reports showing better-than-expected growth in factory output, exports and imports, hints at Chinese recovery.
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).