Results tagged “danger”

Meanwhile, the Chinese have reduced exports by over eight percent, idled more than 60 coal plants and announced they will lower import tariffs on the commodity, all because of shortages. It’s more than foreign competition and transport prices the country has to worry about — energy supplies within the PRC are dwindling to dangerous lows. We in Shanghai got a taste of what such scarcity might mean when blackouts struck the scorched city earlier this month.