Milder Winter Leads to Rare Decline in Chinese Power Generation

Mild winter temperatures pushed China’s electricity generation to only the third drop in the January - February period since 1990. China’s power generation declined by 1.3% in January and February from a year earlier, per data from the National Bureau of Statistics cited by Bloomberg. China combines January and February economic and industry data releases to smooth out the effect of the Lunar New Year which falls in one of these two months every year. The first annual drop since the beginning of the COVID pandemic in early 2020 was…