China power crunch slams factories as coal lobby warns ‘not optimistic’ on supply

Published by
Reuters

By Shivani Singh and Gabriel Crossley SHENYANG, China (Reuters) – Small firms caught in China’s prolonged power and coal crunch are turning to diesel generators, or simply shutting shop, as coal officials voiced fears for stocks ahead of winter and manufacturing shrinks in the world’s no. 2 economy. Beijing is scrambling to send enough coal to electricity utilities to restore full supply, with the worst power outages in years affecting large swathes of the country, especially three northeastern provinces, including Liaoning that are home to nearly 100 million people. The shortages, now well th…

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