Huawei mystery phone rallies China against US curbs
Bringing Taiwan to the World and the World to Taiwan
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Bringing Taiwan to the World and the World to Taiwan
(Sept 29): The global spike in energy prices and China’s power shortage is creating more losers than winners in Asian equities. At least 20 provinces and regions making up more than two-thirds of China’s gross domestic product have announced some form of power cuts. The reasons are two-fold: record high coal prices coupled with a fuel shortage has curbed power generation, while some areas have proactively halted electricity flows to meet emissions and energy intensity goals.
(Bloomberg) -- The global spike in energy prices and China’s crackdown on power consumption look set to create more losers than winners in Asian equities as production costs surge and output takes a hit.