China Power Report Q4 2012 - New Market Report Now Available
BMI View: Data released by China's State Electricity Regulatory Commission (SERC) reconfirms our view of the Chinese power sector, with total power consumption having grown by just 5.5% year-on-year (y-o-y) in H112. With GDP figures supporting our long-held view that full-year expansion for 2012 will come in below 8.0%, we remain of the opinion that there will be a deceleration in power consumption and generation. However, we note that the projects pipeline - supported by long-term expectations and the government's...
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