China energy crunch triggers alarm, pleas for more coal


The power crunch has taken hold as a shortage of coal supplies, toughening greenhouse emission standards and strong demand from manufacturers and industry have pushed coal prices to record highs and triggered widespread curbs on usage. - Reuters

SHANGHAI (Reuters): As a severe power crunch roils China's northeastern industrial heartland, senior officials face mounting pressure from alarmed citizens to ramp up coal imports thick and fast in order to keep lights on, factories open and even water supplies flowing.

With electricity shortages sparked by scant coal supply crippling large sections of industry, the governor of Jilin province, one of the hardest hit in the world's no.2 economy, called for a surge in coal imports, while a power company association said supply was being expanded "at any cost".

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

China , power , coal , Goldman , GDP , crunch

   

Next In Aseanplus News

Rescue pup to meme star: The real-life ‘Dogecoin’ dog
Indonesia's Prabowo closes in on parliamentary majority after rival party pledges support
India votes in second election phase as Modi vs Gandhi contest heats up
Malaysia's PPI higher by 1.6% in March 2024
Elon Musk is once again richer than Mark Zuckerberg as fortunes reverse
Microlink wins RM56.45mil contract from Bank Islam Brunei
Bursa Malaysia higher at midday in sync with regional peers
Asian giants South Korea to miss Olympics football first time in 40 years after shock U-23 q-finals loss to Indonesia
Thailand and 17 other countries call for immediate release of hostages in Gaza
China sends astronauts to Chinese space station for six-month stay

Others Also Read