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'Lack of electricity crisis' threatens China's economic outlook At the

'Lack of electricity crisis' threatens China's economic outlook At the





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Many factors converge that lead to insufficient electricity consumption in Dragon Land. Nearly 60% of the country's economy still relies on electricity generated by burning coal.

Coal prices are now hitting record highs. Official regulation of electricity prices and the ultimate goal of reducing greenhouse gas emissions. Help squeeze the amount of electricity that can be produced. It has forced dozens of counties and county-level autonomous regions to impose restrictions on electricity in recent months.

In Guangdong, known for mass production for everything. From electronics to jeans and even boats. for distribution to all over the world The provincial supply chain is experiencing power outages or at least constraints. It's been several weeks.

Some power needs to be turned off. and factories reducing operating time or contributing to the time spent on electricity in combination with other maneuvers to alleviate the pressure on the local grid.

However, Sherman Chan, deputy general manager of Express Luck, a Guangdong-based television company the capital city of shenzhen which is adjacent to Hong Kong It said it also called on suppliers to produce parts. on time Including requesting to produce night shifts, which the overall electricity consumption will be less. Or use your own generator for smooth production.

However, he said that in this condition The company faced the problem of rising costs. This is because suppliers have to increase capital to complete production.

These put pressure on China's supply chain, which is already in a state of full load. Due to the influx of orders both in the country and the west that have just recovered from the pandemic crisis.

From Toly Bread (Toly Bread), a giant confectionery manufacturer in China. To electric car supplier Tesla, it has sounded the alarm that production may be delayed. As the crisis continues to worsen

part of Dongguan city Factory town in Guangdong Province Many employees reported being pressured to work the night shift. Because during the day, production must be stopped according to government measures to limit the use of electricity.

As an employee of a metal pipe factory recalls A last-minute power outage caused production to drop nearly 40 percent in September. This is because the device takes several hours to restart smoothly.
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