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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (5171)4/28/2004 1:18:43 PM
From: RealMuLan  Read Replies (2) of 116555
 
China's rising power shortages cause anxiety
By Richard McGregor in Shanghai and Alexandra Harney in Beijing
Published: April 28 2004 12:03 | Last Updated: April 28 2004 12:03


China's growing power shortages are causing rising anxiety among foreign investors and prompting criticism that city and local governments are not providing clear and timely information about shutdowns to factories.


Power is already being rationed in and around Shanghai and Guangzhou, the heartland of foreign investment in China, and shutdowns are expected to increase when demand rises over the summer.

City officials in Shanghai have had a number of meetings with multinational executives, but have yet to provide them with any schedule for when factories will lose power.


news.ft.com
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