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China power crisis threatens the growth of global economy

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China power crisis threatens the growth of global economy

The China Power Crisis threatens to slow down the country’s huge economy and increase pressure on the global supply chain.

china power crisis news: The power supply crisis in China has deepened, due to which the electricity of the houses is being cut and the factory is being forced to cut production. The China Power Crisis threatens to slow down the country’s huge economy and increase pressure on the global supply chain. Customers buying cars, TVs, mobiles and other smart gadgets in India may face problems due to this.

Due to this power crisis in China, the production of many electronic gadgets including cars and smartphones around the world can be affected. Companies in China’s industrial sectors have been asked to limit energy consumption to reduce electricity demand. A report in Chinese state media said that the power supply to some homes has been cut, leaving some people trapped in elevators.

All the powerful Economic Planning Agency of China has started to solve the country’s electricity crisis. On Wednesday, all-powerful agencies in China assured their citizens and businesses that they are doing everything possible to deal with the power crisis and are keeping a close watch on the power supply to ensure the availability of electricity.

Over the years, China has developed into a major supplier of raw materials to factories around the world. China is the world’s leader in supplying essential goods to electronics, pharmaceuticals, plastics, cars, automobiles, and other factories around the world. Due to the prolongation of China’s current power crisis, work in factories around the world could be affected. This is likely to lead to a crisis in the global economy and have a significant impact on employment and the economy.

The power crisis in China has arisen due to disruption in coal supply amid rising demand from manufacturers. Some ports in China were closed for a long time, so coal could not be supplied according to the demand of the power plant. This supply is still disrupted and there are long waits at the ports to get the coal. In such a situation, the government has announced power cuts in many areas of China. Malls, shops have been closed in these areas and work in factories has to be stopped.

If the power crisis in China is not resolved soon, then the hopes of people waiting to buy smartphones, TVs and other gadgets on the occasion of Christmas and New Year may be dashed around the world. Different suppliers of companies like Apple and Tesla have also had to stop work due to the power crisis. The current time is considered one of the busiest days for the Chinese factory, but due to the power crisis these days people are sitting empty and the factory is locked. This economic loss of China can affect the worldwide market.

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