News Snapshot:
China is having an eventful month, marked by power-supply disruptions and the debt crisis of the country’s second-largest property developer, Evergrande . What does this mean for China’s post-pandemic economic recovery? The energy crisis started when a rapid increase in exports fuelled a sharp rise in demand for electricity. China remains dependent on coal for 56.8 per cent of its total electricity supply. And yet, in an effort to meet mandatory targets for reducing energy consumption, local governments have shut down many coal mines in recent years. At the same time, the government’s climate goals discourage investment in the coal...
