BEIJING — Chinese economy has improved in August with better indicators including power consumption, rail freight transportation and home market, an official said on Saturday. China electricity consumption in August went up 2.47 percent year on year, said Li Yangzhe, head of bureau of economic operations regulation under National Development and Reform Commission (NDRC). The growth rate was 5.88 percentage points higher than in the equivalent period last year and 4.47 percentage points higher than in July, marking the highest monthly growth this year. The increase was backed by figures from key provincial regions. (Xinhua)…[+]