China Power Crisis: Energy crisis in China, instructions to top companies - close your factory
Power crisis in China China was still grappling with other difficulties that now a new problem of energy crisis has arisen, due to which closing the factories here is the only option left. The major reason behind the energy crisis here is the weather.
Staff Editor 
China is already facing many economic challenges. Now a new problem has arisen in front of it in the form of energy crisis. There is a scorching heat in the southwest region of the country. This has led to the temporary closure of many factories. This will affect the network of the supply chain. For example, Chongqing Municipal Corporation has many factories that produce automobiles and computers. But the local government has now ordered a reduction in production to conserve energy. Similarly, factories in Sichuan province, which are called manufacturing hubs, are now closing.
According to reports, the move will impact companies such as Volkswagen Technologies, Toyota Motor Corp, Volkswagen and Tesla battery supplier CATL. While many provinces are battling the scorching heat of the heat, there are many areas which were washed away in the floods.
Xi's growing concerns
Given the economic situation of the country, 69-year-old Xi Jinping is worried. In fact, he is in the process of extending his tenure for five more years, in such a situation, the economic condition of the country has worried him. The National Congress of the Communist Party meets every five years where major decisions and changes in leadership are announced. The 20th Party Congress was held in Beijing this year. In this, new faces were expected in senior positions and a decision was also taken regarding Xi Jinping's third term in power.
Shutdown is a new challenge before the ruling Communist Party of the country. Xi, who has emerged as a powerful leader over the decades, is trying to break tradition. He is looking forward to his third term in power in the country. Xi and his team want to work with the local authority to resolve the issue as soon as possible. But sources say that the situation is not so easy to solve.
