China Suffering Worst Power Crisis In Years

China Suffering Worst Power Crisis In Years

An acute coal shortage left China suffering its worst power crisis in years as unseasonably large snowfalls saw hundreds of thousands stranded when they tried to travel to their families for the lunar new year holiday.

About half of China's 31 provinces and regions have been hit by "brownouts", or voltage reductions, caused by Beijing's attempt to reimpose and tighten price controls on commodities including coal and oil.

Beijing is using old-fashioned price controls in an effort to stop food inflation, which has pushed the consumer price index to an 11-year high, from spreading to the rest of the economy.

Read full story here. (Subscription required)

Popular in the Community

Close

What's Hot