Sep 27

China scrambles to fix power crunch, tame runaway raw material markets

Roiled by widening power curbs that have disrupted industrial operations, Chinese commodity producers and manufacturers may finally be getting some relief. Beijing's top economic planner, the National Development and Reform Commission, said on Friday it will work to resolve the power shortages that have plagued production since June and have intensified in recent weeks as ambitious new measures to rein in emissions kicked in. Provincial authorities have stepped up enforcement of emissions curbs after only 10 of 30 mainland regions managed to achieve their energy goals in the first half of the year, while nine provinces and regions increased their energy consumption on an annual basis. Resource :