China experiences the worst energy crisis

Many parts of central China are experiencing the worst energy crisis in years, because supply is insufficient, and factories and residents face blackouts. As the drought has dried up the rivers, the capacity of hydroelectric power generation has decreased and the problem has been worsening.

China, which is experiencing rapid economic growth, has long experienced cyclical power shortages. This is especially the case when heating needs in winter and cooling in summer increase electricity demand. However, the problem this year is mainly due to the fact that government-controlled electricity tariffs cannot keep up with what the power company pays for coal—about three-quarters of China’s current electricity generation comes from coal.

China's brave new plan for economic control From the "Twelfth Five-Year Plan" and the plan for follow-up action by the National Development and Reform Commission last month, China's national strategy has seen a number of trends that are worrying multinational corporations. These plans do not necessarily indicate the end of high-tech manufacturing in countries that are in competition with China. China's economy still faces enormous challenges and its product quality is also a major issue. If multinational companies want to compete in China's strategic industries, they must ensure that products are reliable and continue to innovate and protect patented technologies. Although China has advocated "local innovation," new products still rely on imported technology. At the same time, foreign governments need to provide new policy support for domestic companies.

Why does Macau have no competitors in mainland China?

Macao returned to China in 1999. It has become China's only legal place. Although Ho’s family still controls half of Macau’s industry, a large number of Western companies have come from across the ocean.

However, the biggest ** for Macao's "print money (ie **)" license may come from the Chinese government's embarrassment. In the past few years, the Chinese government had imposed restrictions on the number of tourists from mainland China to Macau. Today, there are rumors that the Chinese government may allow other parts of the mainland to legalize, such as Hainan Province.