Events in China will turn into a global shortage of goods

Thousands of factories and plants in China have been forced to work at a quarter of their capacity for the third week. It's all to blame for the energy crisis that hit the country in early October. Residents and businesses in 20 Chinese provinces have been restricted due to severe power generation shortages. Such events will inevitably lead to a shortage of many goods around the world, writes the British newspaper The Times.

Today, a range of product categories in China take twice as long to manufacture. The shortage of coal, which generates more than 60% of all electricity in the country, has brought about 12% of the country's industrial capacity to a standstill. Tens of thousands of enterprises have switched to a two-day work week. Soon, this will hit the global supply chain of components, which in turn will result in a shortage of goods.

Analysts at the Dutch bank ING predict that the main disruptions in the supply of Chinese goods and components will occur in 2022 and may last until its end. At the same time, the increase in import prices in some countries will reach 12%.

China is experiencing a coal shortage for several reasons. Firstly, it is the worldwide rise in prices for energy resources - from oil and gas to coal and fuel oil. Secondly, it is a series of measures taken by the Chinese government to reduce emissions into the environment. Thirdly, there is a disruption in the supply chains of coal to the country due to the consequences of the coronavirus pandemic.
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  1. Bulanov Offline Bulanov
    Bulanov (Vladimir) 10 November 2021 13: 16
    It's time to move the production of goods to Russia. Energy resources and labor are cheaper there.
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 10 November 2021 13: 23
    And, again the British appear, and ours repeat

    Until Ali has changed, standard inflation, and electronics are still .... rising in value.
  3. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 10 November 2021 13: 28
    The target for GDP growth for 21 years is 8%, possibly 7%. The Plenum of the CPC Central Committee will show. In any case, the PRC will come out of the crisis earlier than the capitalist countries and with less losses.
  4. gorenina91 Offline gorenina91
    gorenina91 (Irina) 10 November 2021 13: 44
    Thousands of factories and plants in China have been forced to work at a quarter of their capacity for the third week. It is all the fault of the energy crisis that hit the country in early October. Residents and businesses in 20 provinces in China have been subject to severe power generation shortages.

    - Yes, not the energy crisis covered China ... - but a real economic financial crisis ...
    = Damn ... - Suddenly China began to miss coal ... - Pfff ... - Yes, it's just an anecdote ...
    - Well, then let China heat the stoves with its multi-colored wrappers-yuan ...
    - That's all they write that, they say ... - the US national debt exceeds $ 22 trillion, etc. ... - Yes, that's how it is ... - But the world financial system is still based on the dollar ...
    - And what is the state. debt from China ??? - Damn ... - it's so easy to blurt out aircraft carriers, destroyers, corvettes, submarines, rockets (including space ones) ... - and so all at once ... - And all this is like baking like cakes ... - And where are the funds for all this ??? - Where is the money for this, Zin ???
    - And this is all despite the fact that about a billion Chinese themselves in China live below the poverty line - in remote villages and provinces ... - It would be better if they really baked pies (instead of aircraft carriers) ... ..
    - Personally, I was always amazed by such an "abstract spell", in which everyone suddenly believed at once ... - this is a fantasy a la "China has re-targeted its internal market"; those. "switched to providing for its internal market" ...
    - What is it like ??? - This should be understood so ... - that as if tens of millions (or even hundreds of millions) of Chinese ... - whole families would suddenly move to live on aircraft carriers, destroyers, corvettes, submarines with crews ... - where are they provided free food, medical care, heating, lighting, and so on ... - Well, probably so ...
    - But who will believe it ??? - Personally, I can only believe that the Chinese economy can only allow the Chinese population to be given some of the simplest and cheapest low-functional mobile phones ... - to absolutely everyone ... - And even then ... - with this will leave China at a loss ... - you have to pay for this too ... - pay salary to those in China who made all this ... - i.e. - and even so ... - China's national debt will increase ... - even from this ... - And then what can we say about "free" Chinese aircraft carriers ... ...