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energy crunch is very probably why Xi has banned electricity-intensive crypto currency mining
You know it's pretty bad when CCP run newspapers are publicizing it.
https://www.globaltimes.cn/page/202109/1235145.shtmlOne likely reason causing the electricity shortage is that China was the first to recover from the pandemic, and export orders then flooded in, Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times.
As a result of the economic rebound, total electricity use in the first half of the year rose more than 16 percent year-on-year, setting a new high for many years.
Due to resilient market demand, commodity prices and raw materials for basic industries, such as coal, steel, and crude oil, have risen worldwide. This has caused electricity prices to surge, and "now it is rather common for coal-fired power plants to lose money as they generate electricity," Han Xiaoping, chief analyst at energy industry website china5e.com, told the Global Times on Sunday.
"Some are even trying not to generate electricity in order to stop economic losses," Han said.
Industry insiders predict that the situation may worsen before it gets better, as the inventories of some power plants are inadequate while the winter season rapidly approaches.
As the electricity supply tightens in the winter, in order to guarantee power supplies during the heating season, the National Energy Administration recently held a meeting to deploy coal and natural gas production and supply guarantees this winter and also next spring.
In Dongguan, the world-class manufacturing hub in South China's Guangdong Province, power shortages have put companies such as Dongguan Yuhong Wood Industry in a tough situation.
The company's wood and steel processing factories face caps on electricity use. Production is banned from 8-10 pm, and electricity should be reserved for sustaining daily life of the public, an employee surnamed Zhang told the Global Times Sunday.
Work can only be done after 10 pm, but it may not be safe to work so late at night, so total working hours have been cut. "Our total capacity had been decreased by about 50 percent," Zhang said.
energy crunch is very probably why Xi has banned electricity-intensive crypto currency mining
Lets hope China faces worse!
China's Massive Three Gorges Dam Could Collapse. Here's Why.
Many of China's hydropower plants are failing.
it's trying to shut down as many as 40,000 hydropower plants.
Many of the country's 94,000 aging dams have been put to the test by recent heavy rains and flooding, and they pose serious safety risks, particularly during summer floods.
https://interestingengineering.com/video/chinas-massive-three-gorges-dam-could-collapse-heres-why
muggy climate, pollution, etc
cool story, bro
will this affect the General Tso's Chicken supply?
That was started in Chinatown, NYC you dipship.
lol the truculent culinary historian
And then we're going to be begging them to get to net zero carbon emissions by 2050.
Our planet is so ed.
Then why don't you hop off, Blake.
America will be all-out Capitalist/Christian fascist state long before 2050
Either that or we will be a full on oligarchy ran by democrat/repig alliance of oligarch slaves. (Shumer, liz cheney, romney, pelosi, etc)
We are ed either way
And 2050?try 2024
Blake likes to watch things he loves get ed. He's not going anywhere.
Meanwhile in London.....
Europe’s Energy Crisis Is Coming for the Rest of the World, Too
https://www.bloomberg.com/news/artic...as-prices-soar
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