State Information Center's chief economist, director of economic forecasting, said Fan Jianping, 16, due to drought and other factors Southwest this year, energy reduction targets and an increasingly difficult to complete.
2010 China Supply Chain & China Taiyuan Iron & Steel Non-public economy (steel industry) Summit held in Taiyuan, 16. Forum, Fan said, affected by drought in southwest China's hydropower output lower than previous years, therefore, depends mainly on thermal power to solve the power demand, which led to China's coal consumption has increased drastically this year, energy reduction targets and an increasingly difficult to complete.
Fan Jianping speak at the forum, said China's current development environment is still very complex, the economy was the result of rapid growth, mainly due to policy stimulus and a low base over the same period in 2009, in the process of economic recovery to a good number of new issues is emerging.
"China's current economic structure is irrational, the extensive mode of growth are still serious problems. The slightest economic recovery, high energy consumption and high pollution industry quickly picked up on energy saving and emission reduction has caused a lot of pressure," he said.
It was explained that Southwest drought, by the "West to East" more of Guangdong and other places have started to power shortage situation. "April the country's electricity consumption in previous years were during the off-season surge phenomenon." Mr. Fan said, according to statistics, in April Electricity Consumption 339.4 billion kwh, up 23.1%, compared with March growth rate by 2 percentage points.
Fan Jianping further analysis that the Southwest than in previous years drought contribute to the low water, electricity demand depends mainly on thermal power to resolve, coal use will rise rapidly this year to complete the task negative energy conservation, the unit GDP energy consumption may rebound. "This year is the 'Eleventh Five' plan last year, is the goal of energy saving a decisive year to complete, on schedule to complete the task very difficult target."
He also said the global demand picks up, the background of loose liquidity, some domestic factors push prices appeared to strengthen the inflation expectations, while consumer food prices as major factors in price increases. Double the cost of domestic and international pressure to strengthen inflation expectations. (South Ting, Hao Wang Yue)