July 5, 2004

The New York Times > International > Asia Pacific > China's Boom Brings Fear of an Electricity Breakdown

The runaway economy may be throttled back a bit by this energy shortage. It will also keep the world price of oil high as China competes with the world for a diminishing oil output.

"With China projecting a 20-million-kilowatt shortfall in electricity supplies this year, actions like these are anything but isolated. With severe power shortages predicted for the country's southern and eastern regions, Guangzhou, China's third largest city, an industrial powerhouse, has had rationing since January, six months earlier than the emergency measures put into effect last year."

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