OilPrice.com: “At All Costs”: China Pulls Out All Stops To Prevent Winter Energy Crisis
China’s central government has ordered state-owned energy companies to do whatever they must to secure energy supplies for this winter, according to Bloomberg sources.
The Vice Premier Han Zheng issued the desperate order at an emergency meeting earlier this week with state-owned asset regulator and economic planning agencies.
The message was clear: blackouts will not be tolerated, Bloomberg sources revealed.
But China is already suffering blackouts and coal shortages leading up to the week-long National Day holiday.
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More News On China's Energy Crisis
Why China’s power crunch is such a big deal -- CNBC
China Panics: Beijing Orders Energy Firms To "Secure Supplies At All Costs" -- Zero Hedge
China's growing power crunch threatens more global supply chain chaos -- CNN
How bad is China’s energy crisis? -- Phillip Inman, The Guardian
China power cuts: What is causing the country's blackouts? -- BBC
3 comments:
China will no doubt pull it off.
I've come to the point where I wish China nothing but the worst. So this news warms my heart a bit at least. Screw you, China.
And they will succeed. Unlike America.
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