Javier Blas, Chief Energy Correspondent at Bloomberg News, tweeted, “CHINA ENERGY CRUNCH: The electricity shortages in China are worsening, and widening geographically. It’s getting so bad Beijing is now asking some food processors (like soybean crushing plants) to shut down.” A report says, “from aluminum smelters to textiles producers and soybean processing plants, factories are being ordered to curb activity or — in some instances — shut altogether.
The upcoming winters are however expected to be even more difficult for China to handle. Presently, China is imposing even steeper power cuts and rationing electricity usage drastically because it wants to conserve sufficient power supply for the upcoming winters.
With China’s industries failing, we are looking at a huge socio-economic crisis in the country, where it will fail to fulfil all its basic needs from manufacturing basic industrial goods to producing consumer goods like textiles and supplying enough electricity to power and illuminate its households.
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