Metal producers among first casualties of China power crunch, impact felt in Singapore

SINGAPORE – China’s decision to allow electricity prices to rise to ease an ongoing power crunch could potentially have a larger impact on the global economy than the Chine Evergrande debt crisis, with the consequences felt in Singapore, too.

OCBC Bank economist Howie Lee said that unlike Evergrande, whose impact will likely be controlled, a power shortage due to insufficient supplies of coal and natural gas is much harder to manage.

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