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Caixin

China raises cap on electricity prices to tackle power shortage

State Council says it will prioritize winter coal and natural gas supplies

China is grappling with large-scale power shortages that since September have affected Heilongjiang, Jiangsu and eight other provinces.   © Reuters

China will take further steps to ensure sufficient electricity supplies for the coming winter and spring, including raising the cap on prices, China's cabinet said in a statement after an executive meeting chaired by Premier Li Keqiang on Friday.

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