China's Power Energy Crisis Is Threatening Global Supply Chains

 

CNN: China's growing power crunch threatens more global supply chain chaos 

Hong Kong (CNN Business)A growing power supply crunch in China is triggering blackouts for households and forcing factories to cut production, threatening to slow the country's vast economy and place even more strain on global supply chains. 

Companies in the country's industrial heartlands have been told to limit their energy consumption in order to reduce demand for power, state media has reported. And supply has been cut to some homes, reportedly even trapping people in elevators. 

An "unexpected and unprecedented" power cut hit three northeastern provinces on Monday, according to the Global Times, a state-run tabloid. 

The newspaper reported Tuesday that power rationing in Heilongjiang, Jilin and Liaoning provinces has "resulted in major disruptions to the daily lives of people and business operations."  

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WNU Editor: This power cuts are going to be costly for China .... Goldman Sachs cuts China growth forecast over power outages (BBC). 

More News On China's Energy Crisis 

China’s power cuts to meet energy use targets may foreshadow shortages of global goods -- CNBC/AP  

Power shortages in China hit homes and factories prompting global supply fears -- The Guardian  

Supply Chains Threatened as Energy Crisis Curbs China Factories -- Bloomberg  

Beijing and Shanghai face blackouts in deepening power crunch -- Nikkei Asia  

China electricity shortage: industrial production grinds to halt and traffic lights fail amid rationing -- SCMP  

Unprecedented’ power cuts in China hits homes, factories -- Al Jazeera  

China's state grid vows to ensure supply amid power crunch -- Reuters