{"id":438645,"date":"2021-09-28T10:45:51","date_gmt":"2021-09-28T05:15:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438645"},"modified":"2021-09-28T11:19:51","modified_gmt":"2021-09-28T05:49:51","slug":"china-could-be-heading-for-power-supply-crisis-after-evergrande-shock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/china-could-be-heading-for-power-supply-crisis-after-evergrande-shock\/","title":{"rendered":"China could be heading for power supply crisis after Evergrande shock"},"content":{"rendered":"<p>China may be diving head first into a power supply shock that could hit Asia\u2019s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. <\/p>\n<p>The crackdown on power consumption is being driven by rising demand for electricity and surging coal and gas prices as well as strict targets from Beijing to cut emissions. It\u2019s coming first to the country\u2019s mammoth manufacturing industries: from aluminum smelters to textiles producers and soybean processing plants, factories are being ordered to curb activity or &#8212; in some instances &#8212; shut altogether.<\/p>\n<p>Almost half of China\u2019s regions missed energy consumption targets set by Beijing and are now under pressure to curb power use.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China may be diving head first into a power supply shock that could hit Asia\u2019s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. The crackdown on power consumption is being driven by rising demand for electricity and surging coal and gas prices as well as strict targets from Beijing to cut emissions. It\u2019s coming first to the country\u2019s mammoth manufacturing industries: from aluminum smelters to textiles producers and soybean processing plants, factories are being ordered to curb activity or &#8212; in some instances &#8212; shut altogether. Almost half of China\u2019s regions missed energy consumption [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-438645","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=438645"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438645\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}