China fact of the day

Via Yves Smith:

Power generation in China dropped again in April, indicating that the
macroeconomic rebound the market has expected is yet to appear.

to the State Grid’s latest statistics, April’s national power
generation totaled 274.763 billion kwh, a fall of 3.55%, year on year,
and a decline of over 3% from the previous month.

Without a healthy Chinese economy I for one do not see the "green shoots" but of course time will tell.


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