Nomura: The “Alarming Fall” in Chinese Electricity Consumption

Again, one has to understand the bigger picture and macro factors re what’s going on in China.

From Business Insider:

We mentioned this first last night, that data for January showed a shock 7.5% year-over-year fall in Chinese electricity consumption -- the first such fall on record excluding the crisis.

Here's a chart from Nomura's Zhiwei Zhang and Wendy Chang comparing electricity production to industrial production. They call it an "alarming fall."

Speaking of China, here's a great chart from Reuters' Scotty Barber on Germany, and its exports to both America and China.

http://www.businessinsider.com/nomura-on-the-alarming-fall-in-chinese-electricity-consumption-2012-2