Home / Market Update / Commodities / China orders top companies to secure winter energy supplies

China orders top companies to secure winter energy supplies

China has ordered its top energy companies to secure winter supplies at all costs. The orders come with growing energy crisis in the country.
The Chinese directive was issued during an emergency meeting presided by head of China’s energy section and industrial production Vice Premier Han Zheng.
Zheng called all the state-run energy companies for the meeting, including coal, oil and electricity companies, with other economic agencies to discuss the directive.
Zheng said no blackouts would be acceptable this winter as China has been dealing with energy and fuel supply issues.
Two of the state owned energy companies released statements echoing Zheng’s directive, saying they are willing to try their best to keep blackouts from occurring in the winter.
Premier Li Keqiang said China will be guaranteeing the needs of citizens will be met and economic growth will be maintained. The Chinese promises come as other the U.K. is encountering gas shortages and supply chain issues that could persist until Christmas.

Check Also

As Inflation Cools, US Stocks Surge

The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation …