China’s electricity consumption rose at the fastest pace in six years in first three quarters

Electricity consumption, which is considered as one of the most reliable economic indicators in China, increased by 8.9 percent year-on-year in the first 3 quarters, the fastest pace in six years, and 2 percentage points higher than a year earlier, according to China’s National Energy Administration.

The data is thought to give a more accurate picture of growth than GDP. Hence, it seems safe to say that the world’s second-largest economy is holding up well amid the trade war with the US.