Coal price skyrocketed because the high demand has led according to the deficiency of the power source, thereby putting China's manufacturing industry into alarm status.0: 00/4: 06 South Factory in Central The country is in difficult situation in the context of the second largest economy in the world facing the situation of power supply increasingly scarce, according to CNNs. High record coal prices, making electricity production without profit. This not only threatens the lives of Chinese people when the winter is close to the country but also pushes the manufacturing industry of the country into the verge of recession. Many factories in China fall into scenes before the situation Energy deficiency
. Photo: CNN. Industry plunge with a survey of the General Department of Statistics China (NBS) announced on September 30 shows that the Purchasing Governance Index (PMI) in September is 49.6, reduced Compared to the level of 50
1 of August. According to the PMI scale, the point below 50 shows the recession in production activities.PMI is the index of economic capacity of the manufacturing industry. According to Bloomberg, PMI surveys are made based on tracking queries on production, orders, inventory, labor positions and prices. This is the first time China witnesses narrowing Production activities after 18 months of continuous growth, according to marketwatch.nbs argue that the cause of the above recession comes from the fact that factories are weakening due to increased energy costs. Report on September 30 also shows that energy consumers have no signs of prosperity in business activities. "The overall picture shows that the industry has plunge from before the crisis Energy occurs, "said Julian Evans-Pritchard, senior economist to China in Capital Economics, written in a report on 30 / 9.Julian Evans-Pritchard, senior economist to China in Capital Economics. Photo: Herald
ong Evans-Pritchard notes that even the latest surveys are done earlier the time the lack of electricity becomes a threat to the Chinese industry. "Since then, love The situation of electricity is increasingly severe, "Evans-Pritchard added, and only indicates that the media reports show that many factories in more than 20 provinces have to narrow the scale of production. Transacting from increased coal prices in the field of construction and production promoted most of China's economic recovery in 2021, while continuing to play an important role in the growth of the economy. The second largest world. However, that process requires a significant energy source, mainly from the giant charcoal amount that China consumes a shortage of electricity in China to start happening in June and Quickly change badly when coal prices rise. On September 27, people lived in Liaoning Province, Jilin and Black Long Giang to social networks bothered about the lack of electric heating machine, while traffic lights and elevators also did not work, according to the BBC. A power company said electric cuts could last until the spring of 2022, and the cup The powerless power will become "new normal state". The post of this company is then deleted and the National Reform and Development Board (NDRC) on September 29 announces they will "Perform many measures to improve supply and demand" but do not reveal yes Lifting the electricity ceiling or not. Photo: SCMP. The increasingly severe energy crisis has forced factories to cut production. The narrowing of production activities of enterprises is the threat to the Chinese economy and can push the global supply chain to the brink of collapse, CNN news agency said .The companies in the central region China's industry has been required to limit energy consumption to reduce the demand for electricity and communication this country reported. Encourse the energy shortage situation, at the end of September, the National Grid Corporation Quoc announced that it would be "full slope to fight with the power supply war", efforts to ensure consumer demand of people. Facing the energy crisis, Chinese officials on September 29 announced will import more than and adjust electricity prices based on the supply and demand of the market, according to South China Morning Post. From January, coal prices, used for electricity production, have increased nearly 2/3, from About 104 USD / ton up approximately 170 USD / ton, in the context of strong increase demand and limited supply. The problem of electricity has caused analysts at Nomura consulting firm and the bank Investing Goldman Sachs lowered the forecast growth rate in 2021 for China. The Goldman Sachs experts pointed out "concerns" in the fourth quarter of the Chinese economy with the effects from the corile debt The giant that the Evergrande Group faces. "The service industry still has the opportunity to recover after the duration of pandemic", Mr. Evans-Pritchard wrote. "However, the industry (China) is more likely to recession." . Dịch vụ:
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