Posted on 09/22/2021 2:38:48 PM PDT by dynachrome
“ Anything to dampen demand for coal from competing customers to keep Chinese costs lower.”
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Yeh,they didn’t mention domestic coal fired plants - which are being brought on-line at the rate of one per week…
what a joke. they arent going to shut down their own coal plants. this is just PR nonsense so they can save billions on coal purchases this winter.
The recent "power cuts" in China are disastrous, affecting at least 20 out of 34 provinces and jurisdictions and growing in scope.
We reported before that China's power shortages would become a norm in 2021 and explained the reasons. If you’re interested, please check out the September 24th episode.
In this video, we will briefly review the causes of China's power shortage. First, let's look at the blackouts in China and how they have affected the economy.'Unprecedented' China Power Outages: Close Factories and Threaten GDP Growth/What are the Causes? | Premiered Sep 30, 2021 | China Insights
Sky News host Andrew Bolt says China's ban on Australian coal has "backfired" and led to blackouts and power shortages.
"Trying to find other coal suppliers has sent the price that China pays for its imports of coal absolutely soaring," he said.
"And it's led to shortages so bad that there are now blackouts in China and screams there to find more supplies urgently."Bolt: China’s ban on Australian coal 'backfires' | Sep 29, 2021 | Sky News Australia
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