BloombergChina is struggling with widespread power shortfalls, dealing a blow to the recovery of the second-largest economy and risking disruption to global supply chains and heightened inflationary pressure around the world. Coal prices have surged because of a shortage of domestic coal supplies, made worse by import cuts from Australia and Mongolia. The China power crunch also risks heaping further pressure on global supply chains by pushing up prices for raw materials and essential components. "The shortage in coal supply, especially coking coal supply, cannot be alleviated in a short period of time." In addition, lower-than-usual supply of renewable energy has exacerbated the power supply issue in some provinces.
