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English > Industry > Industry-Breaking News>SMEs' H1 Electricity Use Down 50%

SMEs' H1 Electricity Use Down 50%

08-04 13:11 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-08-03/110220099.html

» First-half electricity use by small and medium-sized enterprises fell almost 50 percent year-on-year, as these companies were more exposed to the economic downturn, the National Bureau of Statistics said on August 3.
» SMEs saw power consumption plunge 48.9 percent year-on-year, against a 5.9 percent industry-wide drop.
» UBS Securities chief economist Wang Tao said SMEs were the first to be hit with falling orders when the global economy began to slide, causing them to cut output more sharply than larger enterprises.
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