The ruling party also is preparing for the Winter Olympics in the Chinese capital, Beijing, and the nearby city of Shijiazhuang in February, a period when it will want clear blue skies. That increases pressure on President Xi Jinping's government, as the meeting's host, to show it is sticking to emissions and energy efficiency targets.Ĭhina is one of the world's biggest emitters of climate-changing industrial gases and consumes more energy per unit of economic output than developed countries. The crunch comes as global leaders prepare to attend a UN environmental conference by video link on October 12-13 in the southwestern city of Kunming. Residents of China's northeast, where autumn temperatures are falling, report power cuts and appealed on social media for the government to restore supplies.
Manufacturers already face shortages of processor chips, disruptions in shipping and other lingering effects of the global shutdown of travel and trade to fight the coronavirus pandemic. Global financial markets already were on edge about the possible collapse of one of China's biggest real estate developers, Evergrande Group, which is struggling to avoid a default on billions of dollars of debt. They cut their outlook for annual growth to 7.7 per cent from 8.2 per cent. They said the impact might be so severe that they cut their economic growth forecast for China to 4.7 per cent from 5.1 per cent over a year earlier in the current quarter. “Beijing's unprecedented resolve in enforcing energy consumption limits could result in long-term benefits, but the short-term economic costs are substantial," Nomura economists Ting Lu, Lisheng Wang and Jing Wang said in a report Monday. The disruption to China's vast manufacturing industries during one of their busiest seasons reflects the ruling Communist Party's struggle to balance economic growth with efforts to rein in pollution and emissions of climate-changing gases. Factories were idled to avoid exceeding limits on energy use imposed by Beijing to promote efficiency.Įconomists and an environmental group say manufacturers used up this year's quota faster than planned as export demand rebounded from the coronavirus pandemic.Ī components supplier for Apple Inc.'s iPhones said it suspended production at a factory west of Shanghai under orders from local authorities.
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