The extreme weather in August has triggered another round of factory shutdown in China. The record high temperatures and drought around the Yangtze River basin led to industrial power outages in southwestern Sichuan Province, and affected the supply chains of many photovoltaic, automotive battery, and material supplies companies. The current wave of power cuts in…
Extreme Weather in China Exacerbates Global Supply Chain Turbulence
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…
Korean Companies in China Being Frustrated in 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…
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