November 05, 2024 14:04 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region | US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row
China's acute power shortage may hit its economic recovery
China Power Shortage
Image: Unsplash

China's acute power shortage may hit its economic recovery

| @indiablooms | 01 Jul 2021, 11:53 pm

Beijing: Extreme weather is leaving China in the middle of  a huge power crunch which has left demand for energy surging and even the strict limits on coal usage delivers a triple blow to the nation's electricity grid.

It's a problem that could last for months, straining the country's economic recovery and weighing on global trade, reports CNN.

Several Chinese provinces have now complained that they are facing a power crunch.

Guangdong province — a manufacturing center responsible for $1.7 trillion, or more than 10%, of China's annual economic output and a bigger share of its foreign trade — has been rationing power for over a month. The restrictions have forced companies across the province to shut down for a few days per week. Some local authorities are warning that power rationing could last through the end of the year, reports CNN.

It's not just Guangdong. At least nine provinces have said they are dealing with similar issues, including Yunnan, Guangxi and the manufacturing hub of Zhejiang, forcing regional authorities to announce power curbs across an area of China the size of the United Kingdom, Germany, France and Japan combined, the American news channel reported.

The power shortage trouble has even reportedly contributed to a slowdown in factory activity growth in China in June.

"The power rationing will inevitably hurt the economy," Yan Qin, lead carbon analyst for Refinitiv, told CNN.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos