China orders energy firms to secure supplies amid power crisis: reportAn energy crunch in China has led some banks to lower their growth forecasts for the economy this yearBEIJING - China's top state-owned energy companies have been ordered to ensure there are adequate fuel supplies for the approaching winter at all costs, a report said Friday, as the country battles a power crisis that threatens to hit growth in the world's number two economy. The country has been hit by widespread power cuts that have closed or partially closed factories, hitting production and global supply chains. More than a dozen provinces and regions have been forced to impose curbs on energy usage in recent months. And a note from Capital Economics on Friday warned that "power shortages seem unlikely to ease any time soon". "Of course we're unhappy... but we’re going along with the hours that the power curbs take place," he said.

Source: Bangkok Post October 01, 2021 04:30 UTC