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China’s economic setbacks have darkened the outlook for countries in its orbit, from South Korea to Thailand, as a sharp factory slowdown and trade bottlenecks in the world’s second-largest economy hit Asia on the supply as well as demand sides. China’s gross domestic product faltered in the third quarter, data showed this week, with growth ...
Beijing said on Tuesday it would allow price fluctuations of power derived from coal-fired plants to improve the country's power market as shortfalls in power generation have sparked an energy crisis
BEIJING: China said on Tuesday it will allow coal-fired power plants to charge some customers market-driven prices for electricity, as a worsening energy crisis persuaded authorities to rush through their boldest reform of the power sector in decades. Responding to shortfalls in power generation brought on by shortages and record high prices for coal, the government has taken
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The global economy is entering the final quarter of 2021 with a mounting number of head winds threatening to slow the recovery from the pandemic recession and prove policymakers’ benign views on inflation wrong.