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China economic focus October 2021: what’s next after power rationing?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Power rationing has impacted China’s economic growth since mid-September. We expect that constraints on power supply to persist before the end of the winter heating season, but disruptions to economic activity will moderate. This round of power rationing will spur domestic inflation in the short term with the deregulation of the power markets. It will also expedite the offshoring of China’s energy-intensive sectors in the long term.
Table of contents
- Highlights
- How long will the power shortages last?
- What does it mean for prices?
- What does it mean for China’s industrial sector in the long term?
- Appendix
Tables and charts
This report includes the following images and tables:
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Power raioning has impacted most manufacturing centres in ChinaPower price will impact a wide range of industriesWholesale power prices for Asia Pacific economies, 2019
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Wood Mackenzie's proprietary China dataManufacturing PMIIP and retail salesTradeInflationPropertyInvestmentMoney supply (M2)Required reserve ratio
What's included
This report contains:
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