Power Outages China
By Beiyi Seow with Jing Xuan Teng DONGGUAN ChinaFrom southern factories hustling to meet Christmas export orders to residents of northern towns panic buying candles China is suffering widespread power cuts that threaten growth in the worlds second-largest economy. Goldman Sachs has become the latest banking giant to cut its growth forecast for China as the country struggles with energy.
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Chinas power outages shut down factories fuel climate goal pushback A vendor grills food at the entrance of an industrial park in Houjie an area of the southern city of Dongguan that has been.
Power outages china. The firm says major industrial output cuts caused by power outages add significant downside pressures. The firm says major industrial output cuts caused by power outages add. Power outages roil China threatening growth and supply chains.
It now expects the worlds second largest economy to expand by 78 this year down from its previous prediction of 82. Posted September 30 2021 at 0705 pm by AFP. It estimates as much as 44 of Chinas industrial activity has been affected.
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