Small firms caught in China’s prolonged energy crunch are turning to diesel generators, or simply shutting shop, as coal industry officials voiced fears about stockpiles ahead of winter and manufacturing shrank in the world’s no. 2 economy. Beijing is scrambling to deliver more coal to utilities to restore supply as the northeast grapples with its .
Small firms caught in China’s prolonged power and coal crunch are turning to diesel generators, or simply shutting shop, as coal officials voiced fears for stocks ahead of winter and manufacturing shrinks in the world’s no. 2 economy. Beijing is scrambling to send enough coal to electricity utilities to restore full supply, with the worst .
1 source of fuel to produce electricity, which is now hovering near record levels amid tight supply, tougher emissions standards and strong manufacturing demand up to now. Business owners in Liaoning's capital city, Shenyang, told Reuters on Thursday they were losing money, as official data separately showed the country's official measure of manufacturing contracted in September - for the first time since February 2020.