China’s Energy Crisis

... of in China, where the energy sector is intended to protect the population and socially significant enterprises from possible technological and economic shocks as much as possible. Given China’s involvement in global value chains, the impact of the energy crisis reverberated at enterprises both in China and abroad in a wide range of sectors (from automaking and smartphone manufacturing to cardboard packaging). Goldman Sachs estimates suggest that power failures have affected about 44 per cent of the industrial enterprises in China alone. The blackouts ...