China is shutting down Aluminium, Textile and many more industries.
China is losing the most basic necessity of human civilisation- electricity. Till now, we only knew how the Chinese steel mills, aluminum manufacturing and power sector may be suffering in lack of thermal coal. However, China’s power woes could be much bigger and brutal than what we imagined.
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.
Why is China failing to produce electricity?
China is the biggest coal consumer in the world. The Communist nation still consumes over 56 per cent coal as a part of its total energy consumption. The fossil fuel is the most vital part of China’s energy security.
Such a high concentration of thermal power in China means that any decline in coal supply hurts its ability to generate sufficient electricity. Presently, China is facing a serious shortfall of Australian coal. Last year, Beijing imposed an unofficial ban on Australian coal that immediately led to Southern provinces in the Communist country going dark.
Also, Chinese thermal power plants are accustomed to working on Australian coal and it is not possible for such power plants to replace all their equipment and start operating on non-Australian coal.
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