Many Chinese cities have been warned they may face power outages ahead as the system strains under surging electricity consumption amid the economic recovery from the Covid-19 outbreak and rising temperature.
China's power consumption hit an all-time high on Wednesday last week – up more than 10 per cent from last summer’s record, according to the State Grid Corporation of China.
Eleven provinces including manufacturing hubs Zhejiang, Jiangsu and Guangdong saw record peak-load surges last week, the State Grid said.
“It’s mainly due to the hot weather and . . .
SIGN IN OR SUBSCRIBE TO GET FULL ACCESS.
Stop Googling for China market information. Yuan Talks put all market-moving news in one place. You will never again be left in the dark when market moves. Start your FIVE-DAY FREE TRIAL today!