China’s factory-gate inflation, the PPI, may have continued to accelerate in September, with producer prices projected to soar by more than 10 percent.
Li Keqiang says power supply shortage is China’s “biggest energy insecurity”, as rolling blackouts left many households without power in recent weeks and brought industrial production to a halt.
Beijing ordered that “banks and other financial institutions should prioritize lending to mines and power plants," for them to boost electricity output.