(Bloomberg) China’s factories, power plants and farms are fielding the worst effects of a surge in commodity costs that’s yet to hurt the wallets of the…
Chinaâs Power Crunch Means Sidewalks Packed With Generators
May 28 2021, 5:34 PM
May 28 2021, 2:16 PM
May 28 2021, 5:34 PM
(Bloomberg) Thereâs a new fixture along the alleyways of Guangzhou the portable generator.
(Bloomberg) Thereâs a new fixture along the alleyways of Guangzhou the portable generator.
Videos on Chinaâs popular social media app WeChat show blue and red generators spinning and hissing smoke outside of crowded clothing factories in the city at the center of the nationâs industrial heartland. The reason for their popularity? A suddenly unreliable power grid.
âThe power supply in Guangdong has had some problems recently, and in some cities industrial plants have had to move their working time to off-peak hours,â Yu Zhai, an analyst with Wood Mackenzie Ltd., said by phone. âThis electricity shortage could be a problem from now through the summer.â
Australia-China trade tension escalates over coal ban
China’s Foreign Ministry Spokesperson Wang Wenbin has underlined that the country’s actions regarding imported Australian products such as coal are in line with Chinese laws and regulations.
The statement came as Australia’s Prime Minister Scott Morrison claimed that China’s formal ban on coal would be in breach of World Trade Organisation rules.
A Chinese state-owned newspaper
Global times reported on Monday that the Chinese National Development and Reform Commission had authorised power plants to import coal with no limitations, except from Australia.
Wang, speaking at a press conference on Tuesday, claimed that he had not been aware of China reducing restrictions on other coal imports.