Insight
China economic focus June 2022: will power shortage come again?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China is recovering from the Omicron lockdowns that occurred between March and May. Avoiding power cuts in this round of recovery has become the priority of the Chinese government since the widespread power rationing of September 2021. With thermal coal trading above RMB1200/t in the spot market, many suspect that power shortages may return. However, a slower economic recovery and sufficient power supply suggest that another round of power rationing is unlikely except for some extreme circumstances.
Table of contents
- Highlights
- Slower recovery of the economy and power demand
- More power supply secured
- Could there be any shocks?
- Will there be a change in China’s long-term energy transition goals?
- Appendix
Tables and charts
This report includes 12 images and tables including:
- Unemployment rates remained high
- Consumer confidence hit by lockdowns
- Price cap for thermal coal in long-term contracts supports power generation of coal-fired power
- Wood Mackenzie's proprietary China data
- Manufacturing PMI
- IP and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- Required reserve ratio
What's included
This report contains:
Other reports you may be interested in
Insight
China economic focus November 2024: impact of the potential Trump tariffs
China will take measures to offset the negative impact of the potential Trump tariff.
$1,150
Insight
China economic focus October 2024: will stimulus boost growth?
Boosting consumption, stabilising property sales and ending deflation are the three milestones to full economic recovery.
$950
Asset Report
Baiyin copper smelter
A detailed analysis of the Baiyin copper smelter.
$2,250
