Reported 4 days ago
China is seeking to lower electricity prices in its industrial heartland, particularly in Guangdong, to assist struggling exporters amid economic challenges and potential US tariffs. The province aims to cut power rates in negotiations for the upcoming year, which could see costs drop significantly below current rates, benefiting manufacturers while shifting some economic burden onto power plants. This move comes as manufacturing profits decline and the region's economy faces pressures from international trade tensions.
Source: YAHOO