(Sept 29): The global spike in energy prices and China’s power shortage is creating more losers than winners in Asian equities. At least 20 provinces and regions making up more than two-thirds of China’s gross domestic product have announced some form of power cuts. The reasons are two-fold: record high coal prices coupled with a fuel shortage has curbed power generation, while some areas have proactively halted electricity flows to meet emissions and energy intensity goals.
(Bloomberg) The global spike in energy prices and China’s crackdown on power consumption look set to create more losers than winners in Asian equities as production costs surge and output takes a hit.
China s Renewable-Energy Companies Rise After Xi Vows to Cut Coal Investment morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
2 Green Energy ETFs to Buy for a Cleaner Future entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.
Wealth Megatrends: A FAN of Wind Power moneyshow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyshow.com Daily Mail and Mail on Sunday newspapers.