from asiasentinel..........
"The magnitude of China’s enormous need for new sources of power is starting to come clear, with rationing expected in as many as 10 major areas between now and September, according to a number of reports issued recently.
“This time, the emergency will last longer, with widespread ramifications across industry sectors,” according to a report by Energy Shortage, a website dedicated to keeping tabs on the global energy situation. “As for the market, the power crisis – on top of ever-tightening monetary police pressure – is threatening a near-term growth scare.
The effects are rippling across the society as the country’s worst energy crisis since 2004 begins to bite and could result in large-scale layoffs of workers in energy-intensive industries. Layoffs in 2009 because of the global financial crisis were partly responsible for worker unrest in Guangdong and other industrial centers"..............READ MORE
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