The latest shock to China’s economy: power shortages
At least 19 provinces have suffered power cuts in recent weeks
At least 19 of China’s provinces, including many of its industrial heartlands, have suffered power shortages in recent weeks, with some unplanned and indiscriminate cuts. In many parts of the country, the high price of coal is to blame. Ten provinces are also trying to meet strict environmental limits on energy consumption. Nomura, a bank, expects China’s GDP to shrink in the third quarter, compared with the second.
This article appeared in the Finance & economics section of the print edition under the headline “The latest shock to China’s economy: power shortages”
Finance & economics October 2nd 2021
- How a housing downturn could wreck China’s growth model
- China’s new political risk premium
- The latest shock to China’s economy: power shortages
- Can lending controls solve the problem of unaffordable housing?
- Two Fed presidents resign after criticism of their investment activities
- Making sense of the chaos in commodity markets
- Just how Dickensian is China?
- Award: Henry Curr
From the October 2nd 2021 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
The Los Angeles fires will be extraordinarily expensive
They will also expose California’s faulty insurance market
Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow