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To: limtex who wrote (20428)	12/25/1998 11:07:00 AM
From: Jon Koplik	Respond to of 152472

O.T. - some signs of the real story regarding China's economy. December 25, 1998 China: Electricity Output Drops Filed at 10:05 a.m. EST By The Associated Press BEIJING (AP) -- Acknowledging one of the most tangible signs of economic slowdown, an official Chinese newspaper reported Friday that electricity output and consumption are declining for the first time in two decades. In the first 11 months of this year, electricity generation and consumption in Shaanxi and Sichuan provinces, Chongqing and Shanghai municipalities, and Ningxia Hui Autonomous Region dropped markably, by 10 percent in the worst case, the Economic Information Daily reported. In northeastern China, Northeast Electric Power Group reported it generated 87.6 billion kilowatt-hours of electricity in the first ten months this year, 2.4 billion kwh, or nearly 3 percent, less than the same period last year, and its sales fell by three billion kwh to 83 billion kwh. Experts attributed the shrinking electricity market in northeast China to the declining industrial production, the report said. Flooding in some areas was another major factor. Electricity consumption by farmers in two northeastern provinces, Jilin and Liaoning, dropped by 28 percent and 18.4 percent, respectively, in the first 11 months of 1998. Some economists have said declining electricity consumption was evidence that China's economic growth was slowing more than government officials would admit. Officials questioned about the trend have usually attributed the declines in power output and use to improved efficiency. Copyright 1998 The New York Times Company