Struggling energy companies in China have cut off power to select Chinese industrial players in recent days as the high price of fuel pushes the firms to ration power supplies. Coal prices rose to a record high on Monday after new figures showed the supply of fuel fell in September. The need for power has skyrocketed on the back of China’s economic recovery. In the first half of 2021, the demand for energy exceeded pre-pandemic levels, according to China’s National Energy Administration. With colder months looming, matters are only getting worse. Candle sales soar Traffic lights and street lamps went dark in many cities in China in recent weeks. Sales of candles skyrocketed as millions of homes and businesses went without power. More than 20 people in the northeastern province of Liaoning were rus …
