China manufacturing: almost half of southern firms lost production capacity during power crisis, survey shows
- Nearly half of the companies surveyed lost significant production capacity, says a survey from the American Chamber of Commerce (AmCham) in South China
- Most respondents believed the US-China trade dispute may expand in 2022, and optimism about the future is lower than the previous year
A fifth of the companies in China’s southern manufacturing hub suffered more than a 40 per cent reduction in production capacity at the height of an energy crisis last year, according to a new survey from the American Chamber of Commerce in South China.
Some 21 per cent of respondents say the crisis took away more than 40 per cent of their production capacity between October 8 and 12, while 25 per cent of respondents lost between 10 and 40 per cent of their production capacity during the same period.
The trade association conducted two separate surveys assessing the impact of the electricity crunch on its members last year.
The first survey was from October 8-12. The second survey – “2022 Special Report on the State of Business in South China” – covered the period between October 13 and December 15, and was part of AmCham’s annual assessment of economic outlook and business sentiment from its members.
A total of 251 companies took part, and results from 230 companies were used, AmCham South China said.