Many provinces in southern China have been limiting electricity, and Yiwu, Zhejiang Province, where many small traders are located, has been issued a strict order to limit electricity, and the city will be in darkness at night. The Central News Agency quoted Chinese official sources as saying that many enterprises in Yiwu, Zhejiang Province, in order to rush to digest a large number of orders at the end of the year, there has been a rush to buy diesel generators. Some Chinese financial media have argued that Australia accounts for 57% of China’s coal imports for power generation, but China has suspended imports of Australian coal since Nov. 6 and substitutes have not been replenished, leading to a shortage of coal for power generation. Pro-officials argue that because of the slowdown in the epidemic, the economy has recovered and the production of enterprises has risen rapidly, leading to an increase in electricity consumption; in addition, the colder winter this year has increased the demand for heating, resulting in a rise in electricity and coal consumption.
According to a report by the Central News Agency today, China’s Zhejiang, Hunan, and Jiangxi provinces have been implementing what is known as “pulling the plug on electricity” from the 13th to the 15th in the name of “power saving initiative” and “orderly use of electricity”. The “power cut” is a mandatory measure. Among them, the official Yiwu, Zhejiang Province, even to the local enterprises to offer a strict “power restriction order”, “open three stop one”, “open two stop two” or even “open one stop four “, seriously affecting business operations, many enterprises are rushing to digest a large number of orders screaming in distress.
The report according to the land media Southern Weekend, the first financial and Hong Kong Economic Times news, many enterprises with the need to catch up on work has begun to buy diesel generators, looking forward to the use of independent power generation, in response to production needs. The news pointed out that these for diesel generators have urgent needs are mostly Yiwu local foreign trade enterprises.
A foreign trade enterprises operating in Yiwu exports mentioned that the first half of this year, basically did not make money, and even lost money, the second half of the year to seize the time to ship, “especially before the Spring Festival this period, was the peak season for foreign trade enterprises, foreign customers are also anxious to stock, this time the impact of power restrictions on business is certainly great, many companies can not deliver orders on time. ” The businessman also said that if the timely delivery, the light will not earn money, the heavy will have to compensate customers.
The news quoted a Yiwu Economic and Technological Development Zone personnel pointed out that Yiwu local power restrictions are divided into four levels of ABCD, including category A for large enterprises, almost unaffected by power restrictions, can continue to operate as usual; B, C category of enterprises gradually lengthened power outages; D category of enterprises are completely shut down production.
According to the Central News Agency, there are different arguments between the private and official sectors regarding the recent power restrictions imposed by China. Some Chinese financial media believe that coal from Australia accounts for 57% of China’s power generation imports, but China has suspended the import of Australian coal since November 6, and substitutes have not been replenished, resulting in a shortage of coal for power generation. Pro-officials argue that because of the economic recovery driven by the slowdown of the epidemic, the production volume of enterprises has increased rapidly, leading to an increase in electricity consumption; in addition, the colder winter this year has increased the demand for heating, resulting in an increase in electricity and coal consumption.
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