Chinese Blackouts Are Revealing Something Much More Important About The Global Economy
Economics Explained
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Energy Use That Creates Wealth
China's electricity usage is pretty evenly split into residential, commercial and industrial. If we want to look at energy usage that creates wealth, we need to instead look at the commercial and industrial sectors. 81% of their energy usage goes towards industry, and just eight and 12 % go towards commercial and residential s,. respectively. The us. Is almost five times more on at turning electricity into value.
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