Korean companies in China have encountered operational difficulties due to strict power use restrictions. For these companies, a Korean expert says, it is useless to plead with Chinese authorities, regardless of the losses they suffer from the policy. Pohang Iron and Steel Co. Ltd (POSCO), a Korean steel giant, recently told the Yonhap News Agency…
Korean Companies in China Being Frustrated in Strict Electricity Restrictions
Korean Companies in China Complain About Strict Electricity Restrictions
Korean companies in China have encountered operational difficulties due to strict power use restrictions. For these companies, a Korean expert says, it is useless to plead with Chinese authorities, regardless of the losses they suffer from the policy. Pohang Iron and Steel Co. Ltd (POSCO), a Korean steel giant, recently told the Yonhap News Agency…
China’s Power Crunch to Fuel Christmas Price Increase of Up to 15 Percent in US, Economist Warns
October 19, 2021
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Business & EconomyChinaChina Business & Economychina power outagesChina power shortageclimate pledgeeconomyMarketsUSUS NewsUS-China relations
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News Analysis More than half of China’s provinces have issued local power restrictions since September. The resulting widespread power outages and cuts under Beijing’s new energy policies will likely fuel global inflation by 0.5 to 1 percent, and drive a price increase of 10 to 15 percent in the United States over the Christmas season on…
China’s Power Crunch Could Fuel Christmas Price Increase of Up to 15 Percent in US, Economist Warns
October 19, 2021
admin
Business & EconomyChinaChina Business & Economychina power outagesChina power shortageclimate pledgeeconomyMarketsUSUS NewsUS-China relations
0 Comment
News Analysis More than half of China’s provinces have issued local power restrictions since September. The resulting widespread power outages and cuts under Beijing’s new energy policies will likely fuel global inflation by 0.5 to 1 percent, and drive a price increase of 10 to 15 percent in the United States over the Christmas season on…
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