Power cuts hit China factories and give container shipping another shock

Factories in at least ten Chinese provinces have either cut output or closed temporarily this month, after government-imposed power cuts to curb carbon emissions.
By Friday, at least 10 publicly listed companies told the Shanghai and Shenzhen stock exchanges their factory output had been hit by the power cuts, and their 2021 earnings could be adversely affected.
The cuts followed China’s economic planning agency, the National Development and Reform Commission, released a …

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Source: The Loadstar

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