Nine mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area consumed 153.7 billion KWH of electricity from January to April, with the tertiary industry growing by 8.4% year on year, according to statistics from the China Southern Power Grid.

As electricity consumption is an important indicator of the state of the economy, it shows that service consumption is picking up across the board, and new industries, new forms of business, and new business models are developing with strong momentum.

Over the first four months of this year, service consumption, represented by catering and retail, rebounded rapidly in the nine cities. Electricity consumption in the accommodation and catering industry and wholesale and retail industry increased by 7.9% and 12.8% year on year, respectively, driving up demand for electricity in upstream food and consumer goods manufacturing. About 60% of the service sectors related to production saw their electricity consumption increase by more than 10% year on year, led by a 15.6% growth in scientific research and technology services. New industries, new forms, and new business models related to new energy demonstrated strong growth momentum, with electricity consumption surging by 35% year-on-year.

In addition, infrastructure investment has been significantly boosted. The growth of investment in major infrastructure projects has accelerated, contributing to the recovery of demand. The development of the rail traffic system of the Greater Bay Area has sped up, with electricity consumption in the transport, storage, and postal sectors in the nine cities increasing by 11.2% year on year from January to April, reflecting the continued expansion of the transport system.