Business Maverick: China’s blistering heat strains power grids and disrupts farming

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 84%

Business News News

Business Business Latest News,Business Business Headlines

Scorching temperatures across China are straining power grids as the country tries to ramp up industrial activity to support the economy, while farmers scramble to save crops such as rice and cotton from the impact of the searing heat.

Several regions have already posted record power demand and have cut electricity to factories at peak hours to make sure there’s enough to keep air conditioners running. Rice crops and fruit and vegetables in southern China are at risk of being damaged by the heat, and melting glaciers are causing floods in the cotton-growing regions of Xinjiang.

At a briefing on Wednesday, the National Energy Administration pointed to a 52% increase in power plant inventories to 170 million tons at the end of the first half, a record for that time of year. But those stockpiles will have since been depleted by over a month of persistently hot weather. Inventories held in six power plants in the industry-heavy coastal regions dropped to a four-year low last week of less than 12 days usage, according to China Coal Resources.

The focus is now on southern China and another bout of hot weather that’s expected over the next 10 days, according to the China Meteorological Administration.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: China tech lifts Asian stocks from pre-Fed torpor: Markets wrapStocks in Asia received a fillip on Tuesday from China’s technology sector, helping to alleviate some of the caution in global markets ahead of a hotly anticipated Federal Reserve interest-rate hike.
Source: dailymaverick - 🏆 3. / 84 Read more »

UBS revisits plan for mutual fund unit to grow its business in ChinaSwiss bank seeks to expand its footprint in the country’s $3.9-trillion retail fund market I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just R10,000 i got R100,000 in 7days James_Alderson8
Source: BDliveSA - 🏆 12. / 63 Read more »