Factories Shut Down Delayed Unprecedented Power Crisis In China.
Key Sentence:
- China is currently grappling with a severe shortage of coal, which has led to an unprecedented power crisis in China.
- The situation in North China is the worst. All the companies here are closed.
There is no electricity in the houses, also there are no traffic signals in Jilin province. The closure of elevators in high-rise buildings in residential areas has created a prison-like situation for people. 3G mobile coverage is also off. The water supply may also be cut off.
China is the largest consumer of coal in the world. As of August, China had generated 14 percent more electricity than last year, and coal production had also increased by 4.4 percent. Coal imports have risen by 20 percent since June. However, China needs more coal to overcome the power crisis. Winter is coming soon. Thus the demand for coal is still growing, and it isn't easy to increase the supply against it.
China imports large quantities of coal from Australia, but last year China decided not to buy coal due to tensions with Australia and has looked to other countries to compensate. However, China's demand cannot be met.
China is importing coal from European countries and South Asian countries, but European countries themselves are increasing their purchases of coal from Australia to avoid an energy crisis.
Source from Gujaratsamachar