China’s power crisis – prompted by emission targets, spiralling coal prices – infuriates global firms, pushes up manufacturing costs

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Heavy-handed measures by local governments to meet Beijing’s energy consumption and carbon emission targets for fulfilling its climate commitments have drawn the ire of international manufacturers and caused costs to spike in many industries.

At least 20 of China’s 31 provincial-level jurisdictions are rationing electricity to play catch-up, after they were unable to meet Beijing’s annual dual targets earlier in the year. Nine provinces have been criticised by the central government for their failure.