China’s Energy Crisis

... price index by 10.7 per cent year-on-year. This was the highest that the indicator had been since 1996. It is no coincidence that the media keeps mentioning that China has not had any such blackouts for around ten years. Indeed, with the old model’s resources exhausted, China has embraced structural economic and industrial reforms, while its GDP growth started to slow down. As a result, power consumption fell too, and power generating equipment started working shorter hours. For the last few years, the world’s largest ...