Several Chinese provinces have introduced power cuts that have affected the manufacturing plans of many companies. Photo: Xinhua
Several Chinese provinces have introduced power cuts that have affected the manufacturing plans of many companies. Photo: Xinhua

Chinese firms warn of hit to bottom line as provinces introduce power cuts to meet energy consumption targets

  • Over 10 companies across several provinces said in exchange filings that the power shortages could affect production and consequently their profitability
  • Power cuts have been introduced because of a surge in electricity consumption, tightening coal supplies, as well as pressure on local governments to meet energy consumption targets before the year-end

Topic |   Climate change
Several Chinese provinces have introduced power cuts that have affected the manufacturing plans of many companies. Photo: Xinhua
Several Chinese provinces have introduced power cuts that have affected the manufacturing plans of many companies. Photo: Xinhua
READ FULL ARTICLE