News Snapshot:
What is happening with China’s power supply? Since mid-July, China’s electricity load has spiked due to demand for air-conditioning during the peak summer season. In July, electricity consumption rose by 6.3 per cent year on year, with residential consumption jumping 26.8 per cent, according to the National Energy Administration. A total of 19 provincial power grids have broken records for electricity loads, the state-owned CCTV said. Meanwhile, consumption continues to rise in August, according to the China Electricity Council. As a result, power restrictions have been imposed on various economic and manufacturing hubs along the Yangtze River. Could blackouts push...
