China’s power consumption up 11.4 pct in May

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Xinhua, Beijing :
China’s electricity consumption rose 11.4 percent year on year to 553 billion kilowatt hours last month, data showed.
The rate was 6.4 percentage points higher than the increase in May last year partly because the weather last month was unusually hot, according to the National Development and Reform Commission (NDRC).
In the first five months, power consumption rose 9.8 percent to 2.7 trillion kilowatt hours.
Electricity used by the service sector expanded 15.1 percent in the five-month period, followed by a 13.9 percent increase for residential power use and 10.6 percent for the agricultural sector. Power consumption in the industrial sector went up 7.7 percent.
Power generation rose 8.5 percent in the January-May period, picking up from 7.7 percent in the first four months.
In May alone, power generation stood at 544.33 billion kilowatt hours, up 9.8 percent year on year.
Industrial output held steady last month, expanding 6.8 percent year on year. The growth was slower than the 7-percent rise in the previous month, but still faster than the 6-percent increase in March.
Myanmar’s foreign trade hits 6.5 b USD in over two months
Xinhua, YANGON
Myanmar’s trade with foreign countries reached 6.56 billion U.S. dollars as of June 8 during the six-month transitional period which started in April, the Commerce Ministry said on Saturday.
Myanmar has changed its fiscal year period from original April-March to October-September beginning 2018-19, producing a six-month transitional gap.
It was increased by 751 million U.S. dollars compared to the same period in last fiscal year 2017-2018.
During the period from April 1 to June 8, the country’s export amounted to 2.7 billion U.S. dollars while its import shared 3.84 billion dollars.
The total foreign trade hit 33.3 billion U.S. dollars in last FY 2017-18 which ended on March 31.
The country’s agricultural products, animal products, fisheries, minerals and forest products are mainly exported while capital goods, intermediate goods and consumer goods are imported into the country.
The government is exerting efforts to boost the country’s exports as well as to reduce the imported luxury commodities to decrease the trade deficit.
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