Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

China power plants running out of coal

by Tony Sagami on May 20, 2008

in Asian Market, Stock Market in China

80% of China’s electricity is from coal-fired utility
generators.

One of the least discussed ramifications of the earthquake is the importance of Sichuan province to the coal industry.
Due to coal shortages, 32
utilities have already shut down
.

The Chinese are very lucky this earthquake didn’t happen in the winter.

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