Panic And Chaos Sweep Across In China As Power Shortage Leaves Millions In The Dark

Widespread panic is sweeping across China due to a sudden power crisis that is leaving millions of homes in the dark and forcing several industries to completely halt production as strict rationing mandates have started to be put in place. China’s energy crisis is threatening to trigger an economic and financial meltdown like no other. The risk of generalized supply chain disruptions is making economists extremely alarmed with the prospects of yet another global economic slowdown. Even worse, the crisis is likely to incite social instability all across the nation as residents grow increasingly more frustrated with the rigid mandates and prolonged blackouts. Over the past month, at least 16 out of 31 provincial jurisdictions have enacted out electricity-rationing measures, alarming ​the population and plunging the nation’s industrial sector into chaos. “The situation worsened over the past weekend,” Lu Ting, chief economist at Nomura, wrote in a recent note, highlighting that large-scale outages are not limit