Power outage hits production in China

While China is a country that has risen to the top as a world giant with the USA, it started to experience disruptions after the coronavirus epidemic. First of all, sub-industry production stopped due to transportation restrictions. Since it supplies spare parts for vehicles produced in other countries, automobile production has been disrupted all over the world. Then, with the chip crisis, the problem in electronic products increased.

EVERGRANDE CANNOT SOLVE THE PROBLEM

It is known that the real estate company Evergrande's failure to pay its debt in the first maturity and if the second maturity is not paid at the end of this month, it will create a domino effect and the system will be adversely affected. It is noteworthy that the Chinese government has not made a statement that will calm the markets on whether it will still have support in this regard.

Recently, we see that factories are closed in some regions due to the energy problem seen all over the world.

The fact that elevators do not work in high-rise buildings also poses a problem in the field of participation.

THE MEASURES TAKEN FROM THE CONCERNS THAT THE ELECTRICITY SUPPLY WILL NOT SUPPLY THE DEMAND

While a new one is added to the supply chain disruptions around the world every day, the Chinese government has instructed factories in some regions to reduce their electricity use, after the concern that electricity supply in China will not meet the demand.

THE NEXT WEEK HOLIDAY WILL LAST 7 DAYS

While the process regarding the Chinese real estate development company Evergrande continues to be priced as a risk factor in Asia, it is stated that the increasing problems in energy supply may decrease with the 1-week public holiday that will start next week.

PROFITABILITY DROPPED

According to the data released today, the profitability of the industrial sector in China decreased to 10.1 percent in August.

EXCHANGE DROPPED

With these developments, Shanghai composite index increased by 0.53 percent in China and Hang Seng index increased by 1.46 percent in Hong Kong, while Nikei 225 index increased by 0.32 percent in Japan and Kospi index increased by 1.08 percent in South Korea. lost.