From China Business Review: China must push through reforms in its energy sector”especially price reform.
Unimaginable though it may be, factories in some of the world’s most vibrant manufacturing hubs are turning off the lights once a week. In coastal cities from Beijing to Shenzhen, and even as far inland as Chongqing, companies received notices as early as April of this year warning them of rolling blackouts for the summer months and often demanding to know which day of the week the factory would prefer to be without power. In the Yangzi River Delta, companies that made investment decisions based on promises of preferential access to the West-East Natural Gas Pipeline are quietly being told to lower their expectations because demand is so strong.
