With the increase of the rate of industrial enterprises above the national scale to resume work, the domestic social electricity consumption began to rise.

The national development and reform commission held a regular press conference in March. Meng wei, spokesman of the commission, introduced the approval of power generation and investment projects in the first two months of this year.

In the first two months of this year, electricity generation and electricity consumption declined nationwide. In the first two months of this year, the country's industrial power output fell by 8.2 percent from a year earlier. Among them, thermal power, hydropower, nuclear power and wind power declined by 8.9 percent, 11.9 percent, 2.2 percent and 0.2 percent respectively, while solar power grew by 12.0 percent.

In the first two months of this year, electricity consumption fell by 7.8 percent year-on-year. Among them, primary electricity consumption and household electricity consumption increased by 3.9% and 2.4%, respectively, compared with the same period last year. Electricity consumption for the second and third industries fell by 12% and 3.1%, respectively, compared with the same period last year.

By region, electricity consumption in eight provinces (autonomous regions and municipalities) is growing, with two provinces (autonomous regions) in Inner Mongolia and yunnan growing by more than 5 percent.

Since march, the country's electricity consumption has risen significantly. On March 16, the scheduled generating capacity reached 17.8bn KWH, up 9.9 per cent from 16.2bn KWH at the end of February, Mr Meng said.

Meng wei also introduced the resumption of work and production in January and February.

In the first two months of this year, the rate of resumption of work by industrial enterprises above designated size increased rapidly. Except for a few provinces such as hubei, the rate of resumption of work in other provinces (autonomous regions and municipalities) has exceeded 90 percent, among which zhejiang, jiangsu, Shanghai, shandong, guangxi and chongqing are close to 100 percent.

According to the electricity consumption situation monitored by power grid enterprises, the electricity consumption of non-ferrous metal industry has reached the normal level last year, and the electricity consumption of pharmaceutical, chemical and electronic industries has returned to more than 90% of the normal level.

Electricity consumption in the steel, machinery and textile industries returned to more than 80 percent of the normal level. The number of railway loadings has returned to normal, and civil aviation, ports and water transport are operating normally.

In February, the national producer price index (PPI) edged down 0.4 percent from the same month last year, and the overall industrial production price remained stable.

PPI is an index that measures the trend and degree of changes in the producer price of industrial enterprises' products. It is an important economic indicator that reflects the price changes in the production sector in a certain period, and will be helpful to predict the future price changes.

Peng shaozong, a first-level inspector and deputy director of the price department of the national development and reform commission, said some commodity prices had fallen, but a few items, such as melted spraying cloth for masks and heat sensors for temperature measuring guns, had seen prices rise because of rapidly growing demand.

Some intermediate products are in short supply due to the slow resumption of work and production by relevant enterprises and the unsmooth connection between supply and demand, resulting in a short period of price rise.

In order to cope with the impact of the epidemic on the operation of investment, the national development and reform commission (NDRC) is focusing on strengthening the weak spots and other key areas.

Liu shihu, deputy director of the investment department of the national development and reform commission (NDRC), said China will speed up major projects and infrastructure development that have been identified in the national plan, strengthen areas such as transportation and energy, major water conservancy projects and environmental protection, and speed up the construction of new infrastructure such as 5G networks and data centers.

The spread of the global epidemic has also had a strong impact on transnational investment.

Wu hongliang, deputy director of the foreign investment department of the national development and reform commission (NDRC), said the NDRC had issued a notice on March 9 on further deepening reform and improving foreign investment projects to stabilize foreign investment by deepening reform, improving policies and optimizing services.

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