Tag: domestic demand

• Wednesday, May 18th 2011 - 16:18 UTC

  Frozen power rates anticipate China faces worst energy shortage since 2004

  

  China has started rationing electricity to try and stave off an energy shortage that government officials say could be the worst since 2004. State-owned power generating companies are dealing with high global energy prices that have cut their profits.
  China has also banned the export of diesel, to try to meet domestic demand.