Amid Power Crisis, China Orders Energy Firms To Secure Supplies: Report
NDTV
China Power Crisis: China has been hit by widespread power cuts that have closed or partially closed factories, hitting production and global supply chains.
China's top state-owned energy companies have been ordered to ensure there are adequate fuel supplies for the approaching winter at all costs, a report said Friday, as the country battles a power crisis that threatens to hit growth in the world's number two economy.
The country has been hit by widespread power cuts that have closed or partially closed factories, hitting production and global supply chains.
The crisis has been caused by a confluence of factors including rising overseas demand as economies reopen, record coal prices, state electricity price controls and tough emissions targets.
More than a dozen provinces and regions have been forced to impose curbs on energy usage in recent months.
