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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1946)	12/13/2003 11:04:40 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China is rationing electricity advertisement Dark days ahead for development Christopher Bodeen Associated Press Dec. 13, 2003 12:00 AM CHANGSHA, China - Residents of this southern Chinese city spend one day of every four without power. Coal is growing scarcer. Electric heaters have been banned, and sales of generators have quadrupled. For the capital of the Chinese province where Mao Tse-tung was born, these are dark days. A spike in demand for electricity, fed by a booming economy, is outstripping supply in parts of southern China. The government worries the power crunch could hamper the development so pivotal to its efforts to lift millions of Chinese out of poverty. Droughts have greatly reduced output in hydroelectric plants that provide much of the region's electricity. Coal for thermal plants is in tight supply everywhere, while areas that usually buy wattage on the open market are finding competition tight and prices high. Stores say sales have dropped due to power cuts, and industries are predicting a fall in output. Nationwide, 21 regions have instituted some form of limits on power consumption this year. azcentral.com