Paucity Of Power In China

Paucity Of Power In China

We examine the causes of China's energy crisis and its global implications.

tippinsights Editorial Board

The world's second-largest economy and the largest manufacturer is facing its worst power crunch in decades. China's power crisis is likely to have a marked impact on many developed economies as the world tries to break free from the clutches of the pandemic.

China is the world's largest coal consumer - 57% of its energy is generated by Coal-burning power plants. The country is also the world's largest producer of coal. According to industry estimates, the country has the world's third-largest coal reserves. It is believed that these reserves will be enough to power the country for the next three decades.