Why the lights are going out in China

Utilities face emission-control targets while costs rise but rates remain fixed

20201228 Yiwu power down RC2GTK9EBPRB

A dark street lamp during a power shortage on Dec. 22 in Yiwu in China's Zhejiang Province.  © Reuters

ZHAO XUAN, YUAN RUIYANG, CHEN XUEWAN, BAI YUJIE, LUO GUOPING and HAN WEI, Caixin

As China's economy picks up steam following the pandemic, there's been an unexpected consequence: power shortages that forced several cities to restrict electricity use by factories, offices and even streetlights.

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