BEIJING – China will continue to phase out unneeded industrial capacity this year, with 2,255 enterprises closing facilities, while the government fights the worst power shortage in years, a statement on the Ministry of Industry…
Tag: power shortage
The country is to accelerate the development of thermal power and power grid projects in order to tackle the worst power shortage in years, said Liu Tienan, an official with the National Development and Reform Commission…
BEIJING – Electricity prices for industrial use will be raised on Wednesday in 15 regions to combat power shortages, amid concerns over increasing manufacturing costs and a slowdown in production. The National Development and Reform…