> The US produces about 70% more electricity per capita.

And consumers use 4x as much per capita. Industrial generation per capita China comes out ~2x

> industrial electricity prices in China are roughly 34% higher than in the US

For which industrial customer and where? Chinese compute hubs are on par to slightly cheaper on pure electricity costs.

Conversely the US makes it more expensive with interconnect and upgrade fees as well as hefty take or pay contracts.

A 1GW datacenter in VA for example would add 5-10c kWh and a 12 year take or pay deal