In this photo released by Xinhua News Agency, water is released from the dam of Baihetan hydropower station in Ningnan county, in southwestern China's Sichuan province on June 27, 2021. The Chinese government says it has turned on the first two generating units of the world's second-biggest hydroelectric dam. (Jiang Wenyao/Xinhua)
CNN: China is facing its worst power shortage in a decade. That's a problem for the whole world
Hong Kong (CNN Business) - China is in the middle of a huge power crunch as extreme weather, surging demand for energy and strict limits on coal usage deliver a triple blow to the nation's electricity grid. It's a problem that could last for months, straining the country's economic recovery and weighing on global trade.
Several Chinese provinces have said they are facing a power crunch in recent weeks, including some of the country's most important engines for economic growth.
Guangdong province — a manufacturing center responsible for $1.7 trillion, or more than 10%, of China's annual economic output and a bigger share of its foreign trade — has been rationing power for over a month. The restrictions have forced companies across the province to shut down for a few days per week. Some local authorities are warning that power rationing could last through the end of the year.
Read more ....
WNU Editor: Having a stable source of power has always been one of China's "Achilles Heel. But they are moving forward .... China turns on world’s second-biggest hydropower dam (AP).
