In China, the grid operator says power will be cut for a few daytime hours every day through Sunday. But a video posted online seems to show a Beijing street, lights out, around dusk. One of the reportedly affected districts houses government officials, and another houses tech workers. It seems no factories will be affected in the cities, but manufacturers in other parts of the country have been forced to work under candlelight.
Goldman Sachs estimates over 40 percent of China’s industrial capacity has been affected. It’s downgrading the country’s growth forecast as a result.
NTD spoke with Ross Kennedy, founder of Fortis Analysis, to discuss supply chains.