Unprecedented power outages hit China's homes and factories, increasing global supply chain chaos

Coal shortages are causing unprecedented power outages in parts of China ahead of the winter season, affecting the country's economy and increasing global supply chain chaos. It's estimated that around 44% of China's industrial activity is affected by outages. With nearly 60% of the Chinese economy powered by coal, entire power grids in parts of the country are now facing collapse. Nationwide power curbs, caused by many factors including a steep jump in coal prices and surging demand, have led to side effects at Chinese factories of all kinds, with some cutting output or halting production entirely.-- More...