5 things you need to know about China’s power crisis

Source: China – South China Morning Post1. China’s state planner is weighing steps to tame pricesChina’s state planner has met coal producers and an industry body to discuss measures such as setting price levels and ways to better identify companies engaged in “profiteering”, it said on Thursday, aiming to tame prices during a severe power crunch.Coal futures have nearly halved from a record high on October 19 after the talks on price intervention at Wednesday’s meeting held by the powerful National Development and Reform Commission…Read More

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