(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.
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Downstream Mekong project success proves China’s commitment to improving livelihoods, boosting hydropower capacity in Mekong region
by Hu Yuwei and Sun Guangyong
May 21,2021 | Source: GT After an in-person visit to China s reservoir and learning dam-building skills, the Mekong River envoys relay how infrastructure projects undertaken by China in their countries, especially hydropower projects, have served local people, boosting their wellbeing and socio-economic development along with other concrete benefits.
The Mekong River has a huge elevation difference which contains huge water energy resources. According to the relevant data, the water energy reserve of the Mekong River is 58,000 MW, with huge developmental potential.