The New York Times reports that China’s electrical supply does not have the capacity to sustain existing demand. Businesses are having to curtail operation, and other public services are affected.
The outages have rippled across most of eastern China, where the bulk of the population lives and works. Some building managers have turned off elevators. Some municipal pumping stations have shut down, prompting one town to urge residents to store extra water for the next several months, though it later withdrew the advice.
Meanwhile, the CCP is shaking down companies to fund projects where the state can’t afford, and a real estate bubble is about burst.
If something can’t go on forever, it will stop.
— Herbert Stein
One wonders how this might affect the ten percent held for the Big Guy.