A governor of a northeastern province has called for more imports of coal to help with electricity shortages.

  • "multiple channels" are needed to guarantee coal supplies
  • urged increased imports from Russia, Indonesia and Mongolia

Jilin province has been forced into rationing power. One of many provinces doing so.

Some remarks from analysts:
Morgan Stanley:

  • Power cuts have come as China's carbon regulatory reset has collided with its industrial boom amid the pandemic
  • Production cuts, if prolonged, could knock 1 ppt (percentage point) off GDP growth in Q4, led by materials production

Nomura:

  • power-supply shock in the world's second-biggest economy and biggest manufacturer will ripple through and impact global markets
  • supply shocks have prompted us to further cut our year-on-year Q3 and Q4 GDP growth forecasts