Insight
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:
-
Power raioning has impacted most manufacturing centres in ChinaPower price will impact a wide range of industriesWholesale power prices for Asia Pacific economies, 2019
-
Wood Mackenzie's proprietary China dataManufacturing PMIIP and retail salesTradeInflationPropertyInvestmentMoney supply (M2)Required reserve ratio
What's included
This report contains:
Other reports you may be interested in
Insight
China economic focus April 2026: navigating the energy crisis
The Middle East conflict poses downside risks to the Chinese economy despite the country’s significant cushions.
$1,150
Insight
China economic focus March 2026: the 15th Five-Year Plan explained
Key economic priorities and structural shifts reshaping China's economy over the next five years.
$1,150
Insight
One year of Trump: for better or worse? The CCUS story
CCUS under Trump: policy shifts, market resilience, and what’s next.
$1,250
