China’s Power Crisis Hits Manufacturing

Amid tight power supplies and soaring coal prices, power outages in China have started to hit factories of various energy-intensive industries, sparking renewed fears about larger disruptions to global supply chains on top of the COVID-related issues. As coal prices surge amid a global energy crunch, Chinese authorities are mandating restrictions in energy use, which have led to outages at factories and homes.   The power crunch has reached the automotive industry and workers at GAC Aion, the electric vehicle unit of the largest state carmaker,…