From iPhones to Australian wool, China’s energy crisis is starting to pinch the global economy
Published
Oct 08 2021 at 6:00 AM GMT
Key
Points
Points
- The hit from China’s energy crunch is starting to ripple throughout the globe, hurting everyone from Toyota Motor to Australian sheep farmers and makers of cardboard boxes.
- Not only is the extreme electricity shortage in the world’s largest exporter set to hurt its own growth, the knock-on impact to supply chains could crimp a global economy struggling to emerge from the pandemic.
- The timing could not be worse, with the shipping industry already facing congested supply lines that are delaying….
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- Published Oct 8, 2021 6:00 AM GMT