Is China facing an energy crunch, too?
Officials are anxious to avoid the widespread blackouts of 2021
Air-conditioners are running full blast in central China as much as they are in Texas or on the Iberian peninsula. As many as 900m Chinese people have experienced record temperatures in recent days; more than 80 cities have issued heat alerts. In Zhejiang province, an important manufacturing centre in the east, some energy-intensive factories have been subject to power rationing. Thermometers in the region hit about 42°C on July 13th. Given the humidity, that feels more like 54°C.
This article appeared in the Finance & economics section of the print edition under the headline “Power play”
Finance & economics July 23rd 2022
- The 53 fragile emerging economies
- How American banks are responding to rising interest rates
- Dollar-euro parity may be justified. But the yen looks cheap as chips
- Is China facing an energy crunch, too?
- Fresh woe for China’s property sector: mortgage boycotts
- The Fed put morphs into a Fed call
- Should central banks’ inflation targets be raised?
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