Shandong's economy stabilized in the first quarter

Sinochem New Network News learned from Shandong Electric Power Corporation that from January to March, the province’s social power consumption completed 78.27 billion kWh, a year-on-year increase of 20.8%. The sales and electricity consumption continued in the fourth quarter of 2009. For the better. The use of electricity as a “wind indicator” for economic operations has improved, which means that the economy of Shandong Province has stabilized and picked up.

Since 2010, the province's economy has maintained its upward trend in the fourth quarter of last year. The company’s electricity sales and the entire province’s social power consumption have also continued to rise. In January, Shandong Power Group completed 20.092 billion kilowatt-hours of electricity sales, completed 14.949 billion kwh in February, reached 19.943 billion kwh in March, and completed sales of 24.97% of the annual plan in the first three months.

The reporter learned from the development and planning department of the company that the second industry's electricity consumption, which accounts for 77.66% of the total electricity consumption in the society, grew fastest, reaching 22.92%. Among them, non-ferrous metals, ferrous metals, chemicals, textiles and other industries use electricity growth is particularly prominent. This shows that Shandong's industrial development momentum is good. The tertiary industry used electricity, followed by 18.21% year-on-year, accounting for 8.37% of the total electricity consumption in the society, mainly in the transportation, real estate, wholesale and retail industries.