Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RealMuLan who wrote (1952)	12/13/2003 11:15:15 AM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Power Shortages Darken Regions In China, Threaten Development By CHRISTOPHER BODEEN Published on 12/13/2003 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 Zedong 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 — a power crunch the government worries could hamper the development so pivotal to its efforts to lift millions of Chinese out of poverty. “I sometimes have to light candles to see my homework,” said Li Li, a fourth grade girl whose family lives in a block of 1950s-era apartments. “It's really inconvenient. How could it not be?” Droughts have greatly reduced output in the 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. theday.com