Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Luzhou, a city in Sichuan, announced last week that it would shut off the city’s street lights during the night to conserve power and alleviate the pressure on the electricity grid. The province’s top officials warned Monday that Sichuan is currently facing the “most severe and extreme moment” in power supply, according to government-run Sichuan Daily. Since August 7, the heat wave in the province has intensified to “the most extreme level in six decades,” and average rainfall has dropped by 51% from same period in previous years, according to an article posted on the government’s website on Tuesday. The southwestern province - which is also a key hydropower hub in China - has been gripped by extreme heat and drought since July. The decision was made to ensure that enough power is available for residential use, the notice said. Wu Wei/VCG via Getty ImagesĬhina cuts rates as lockdowns and a real estate crisis take their toll Sichuan, one of China’s largest provinces with 84 million people, told 19 out of 21 cities in the region to suspend production at all factories from Monday to Saturday, according to an “urgent notice” issued on Sunday by the provincial government and the state grid.Īerial view of an empty street as Sanya imposes city-wide static control to curb new COVID-19 outbreak on Augin Sanya, Hainan Province of China. The drought has also depleted river water levels, reducing the amount of electricity produced at hydropower plants. The extreme heat has caused a spike in demand for air conditioning in offices and homes, putting pressure on the power grid. The province is also China’s lithium mining hub - a key component of electric car batteries - and the shutdown may push up the cost of the raw material, analysts said.Ĭhina is facing its fiercest heat wave in six decades, with temperatures crossing 40 degrees Celsius (104 degrees Fahrenheit) in dozens of cities. Sichuan is a key manufacturing location for the semiconductor and solar panel industries and the power rationing will hit factories belonging to some of the world’s biggest electronics companies, including Apple China’s Sichuan province has ordered all factories to shut down for six days to ease a power shortage in the region as a scorching heat wave sweeps across the country.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |