Government efforts to curb energy consumption and reduce carbon emissions, along with surging coal prices, are leading to power outages across many of China’s manufacturing hubs, threatening to further disrupt strained global supply chains for semiconductors and other vital goods.
Over the past week, local officials have forced factories in China’s Guangdong and Jiangsu provinces to curtail operation hours or shut down temporarily as officials try to rein in energy use, according to company filings and interviews with company officials by The Wall Street Journal.
I hope we don’t need that many “made in China” goods after all.
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