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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.

The State Council also said it will prioritize winter coal and natural gas supplies to ensure people's livelihoods in northern China, particularly residential heating in northeastern provinces, according to the statement.

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