China’s electricity output growth picked up in July from 0% yoy in June to 2.1% yoy. However, the detailed figures published by the National Bureau of Statistics suggests that the pick-up in output growth was driven mainly by the increase of output from hydroelectric sources. Thermal power output growth continued to slide in July from –4.2% yoy in June to –4.5% yoy, while hydroelectric power output increased by 33.9% yoy in July.
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