China's economy has had a rough summer, hit first by a rise in COVID-19 infections, then by the impending bankruptcy of the giant real estate developer Evergrande, and now by severe power shortages throughout the country.
A private survey, the Caixin Index, was slightly less depressing, showing the manufacturing index at 50, up from 49.2 in August and indicating neither growth nor decline, but hardly anywhere near the rates of expansion to which China has long been accustomed.
The rise in COVID-19 infections has had a greater economic impact in China.
China offers no statistics on the exact kilowatt shortfall facing the country.
For diplomatic reasons, and clearly without much economic consideration, Beijing cut China off from Australian coal, a major source of fuel for the country's electric generators.
These efforts will continue even after China overcomes its power shortage.
Since China remains centrally planned, and more so in recent years than in a long time, that responsibility lies with the leadership in Beijing.
https://www.theepochtimes.com/chinas-economy-hit-with-a-3-punch-combination_4031422.html
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