Name: China “Suffers Worst Power Blackouts in a Decade” After Banning Australian Coal
Brand: legalinsurrection.com
SKU: legalinsurrection-com-61
Availability: OnlineOnly

critic

China “Suffers Worst Power Blackouts in a Decade” After Banning Australian Coal

preview

Most ReadJust weeks after banning Australian coal imports, China faces a nationwide power crisis. Amid large scale outages, Beijing is resorting to electricity rationing for households and businesses not seen in years, media reports .“China suffers worst power blackouts in a decade,” the reported on Wednesday. “Provinces across China are struggling with blackouts, as authorities use restrictions to curb energy use and manage supply,” the Hong Kong-based newspaper added.“Power rationing in China sends chills through economy,” Japanese business daily confirmed. The power crisis is “threatening to throw a wrench into Beijing’s plans to rapidly revive the world’s second-largest economy from a coronavirus-induced slumber,” the newspaper noted.The Chinese power sector is heavily depended on the coal imports from Australian. In 2019, around 60 percent of China’s thermal coal imports, the type used in electricity generation, from Australia.&nbsp;Coal up to 70 percent of China’s energy needs.China is also the world’s biggest polluter, more carbon dioxide than the United States and the European Union combined.The coal ban is part of Beijing’s escalating with Australia to punish the U.S. ally for standing up to China in the wake of the Wuhan coronavirus pandemic.Australian newspaper reported how the coal ban backfired on China:The street lights and billboards are being turned off in its major cities; factories are being shut down or forced into reduced shifts; office lighting and lifts have had their power cut off; consumers have been told not to use electric stoves and to turn off their heating until the temperature falls below three degrees Celsius.The ban on Australian coal has coincided with a rapid uptick in China’s economy as it emerges from the pandemic and with particularly cold weather, which would normally result in a surge in demand for energy coal and in coal prices.China imports of coal from Australia are dominated by the metallurgical coal used in steel-making. Only about 30 per cent of the coal exported to China is energy coal and it represents only a fraction of the largely-domestic coal China uses for power generation – overall it imports less than 10 per cent of its needs. (…)While the Chinese authorities are keen to downplay any link between the ban on Australian coal and the power shortages now being experienced, there is a very transparent signal – a price signal – of the impact the ban is having.As a result of the ban, China’s power companies are scrambling to secure alternate supply, with imports from Indonesia, Russia and South Africa rising sharply. So, too, has the price of their coal.Communist China is determined to make its treatment of Australia an example to any country daring to defy it on the world stage, media reports suggest. “Beijing’s use of trade as political payback against Canberra is seen as showing the consequences of opposing China’s interests,” noted on December 5.Australia is among the few countries to demand an international inquiry into the outbreak of the coronavirus in the central Chinese province of Wuhan. In April, Australian Prime Minister Scott Morrison “an independent assessment of how this all occurred, so we can learn the lessons and prevent it from happening again.”Beijing responded by threatening a of Australian goods and followed it up by slapping punitive on key imports from the country.China is equally angered by Australia’s participation in a new Asia-Pacific strategic alliance promoted by U.S. President Donald Trump. The U.S.-led Quadrilateral Security Dialogue initiative, or the Quad, is a four-nation coalition made up of the U.S., Australia, Japan, and India which aims to create a framework for security cooperation, including joint defense exercises and access to each others’ military and naval bases.China, which has a history of invading and threatening its neighbors, has been rattled by the emerging alliance. In October, Chinese Foreign Minister Wang Yi the Quad a “huge security risk,” as Beijing in the Asia Pacific.Donations tax deductible to the full extent allowed by law.,Tags:,|Aw, gee. Couldn’t happen to a nicer guy /s/. Let them freeze in the dark.|You do realize that the communist ‘plan’ is for all of us to starve in the freezing cold dark so that well-fed communists can feel superior to us in their state-funded mansions?|“While the Chinese authorities are keen to downplay any link between the ban on Australian coal and the power shortages now being experienced, there is a very transparent signal – a price signal – of the impact the ban is having.”Not even communists can stop the (free market) signal anymore.|This reminds me of the time when the newsies were telling us that the US economy was so very bad, and the smart Japanese were doing so well. This was not a hostile situation.And then, a little while late, the Japanese economy started failing, because their US market had become smaller.The CCP is making bad decisions, and hurting its people, because it imagines it is still independent of its trading partners.|China isn’t run by idiots. I think they believe they can outlast the Australians since they don’t care about their people losing power, only that Australia loses money to exports.|Leftist never get past 1 stage thinking|Wuhan Virus – CheckFood Shortages – CheckFrozen Citizens – Double CheckIt’s what our Progressives want to do to us.|For wanting to rule the world, these guys aren’t too smart.|Coming soon to a country near you.|I hope the CCP crashes and burns, but this is another example of why Gen IV nuclear should be developed. America and her allies can control massive amounts of quality coal supply while not needing any of it.|It/s all in how you do your central planning. Sometimes a demand economy is a better idea.|China instigating civilian hatred.|This situation reminds me of an old joke.How did the communists light their homes before they had candles?With electricity|Do you know what they used for light in California before they had candles?Electricity.Newsome is applauding.|Don’t sell them American coal until they pay reparations for the rice rabies they sent us.Too bad PDJT isn’t going to stay in office another 4 years. It’d be nice to see him tighten the screws on them.quid pro slo joe will just take the bribes and ship them discount coal and food.|The chicomms are just following the lead of the California commies. Not a thin dimes difference between the two.Donations tax deductible to the full extent allowed by law.OUR LAWYERClose WindowFont ResizeA-A+Keyboard NavigationEnable Readable FontContrast ModeChoose Color ButtonblackwhitegreenblueredorangeyellownaviUnderline LinksHighlight LinksClear Selected OptionsGreyscale ImagesInvert ColorsRemove AnimationsRemove StylesLights Off ModeClose WindowX

Most ReadJust weeks after banning Australian coal imports, China faces a nationwide power crisis. Amid large scale outages, Beijing is resorting to electricity rationing for households and businesses not seen in years, media reports .“China suffers worst power blackouts in a decade,” the reported on Wednesday. “Provinces across China are struggling with blackouts, as authorities use restrictions to curb energy use and manage supply,” the Hong Kong-based newspaper added.“Power rationing in China sends chills through economy,” Japanese business daily confirmed. The power crisis is...

China “Suffers Worst Power Blackouts in a Decade” After Banning Australian Coal

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS