News
Your contact for new licenses
Recent power shortages caused grave concerns among companies in China. The system of largely fixed power pricing seemed ill equipped to compensate for changes in coal consumption. But China’s National Development and Reform Commission illustrated once more that in acute cases it can very effectively intervene in the market. It employed a mix of market-oriented liberalization steps and strong direct state intervention to bring down coal prices within a week and stabilize the market, analyzed Sinolytics.
By Redaktion Table
Cases of electricity shortages have been a major concern for companies in China recently. The Chinese system of largely fixed electricity prices seemed inadequate to cushion fluctuations in the price of coal. But China's powerful National Development and Reform Commission (NDRC) proved once again that it can intervene effectively in acute imbalances: The NDRC applied a combination of market-oriented liberalization steps and direct government market intervention, thus lowering the coal price within a short period of time and stabilizing the market, Sinolytics analyzes.
By Redaktion Table
Prices in China are climbing. The prices for Spinach alone saw an increase of 160 percent. Many people worry that food could become scarce. And in some places, panic buying has already started. And the government's attempts to calm people's fears are failing. Foreign companies in China are also affected.
By Ning Wang