Source: China – South China Morning PostWhy is China in the midst of a critical power crunch?China experiences power shortages from time to time, and these are often the result of a conflict between market-oriented coal prices and government-controlled electricity rates.On January 1, 2020, the central government implemented a new mechanism for controlling the price of electricity across the country, intended to prevent wild price fluctuations. A notice by China’s economic planner, the National Development and Reform Commission (NDRC)…Read More