Total electricity consumption in China rose 5.3% year-on-year to 5.1 trillion kilowatt-hours in the first half of the year.
Power consumption by high-tech and equipment manufacturing industries grew 9.8%, while the electric-vehicle charging and internet data service sectors saw growth rates of 56.9% and 44%, respectively.
NEWS SUMMARY
DeepSeek is reportedly preparing for an IPO.
Tencent said its AI assistant Yuanbao has integrated its mini-program ecosystem with JD.com’s AI agent.
Zou Lan, a central bank official, said overnight reverse repurchase operations focus on ultra-short-term liquidity adjustments rather than interest rates.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
