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China Orders Top Energy Firms to Secure Supplies at All Costs

  • Emergency meeting held this week on the energy-supply crisis
  • Directive came from a vice premier to coal, power, oil chiefs
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WATCH: As the energy crisis continues, China ordered top state-owned energy companies to secure supplies for this winter at all costs. Su Keenan reports.(Source: Bloomberg)
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China’s central government officials ordered the country’s top state-owned energy companies -- from coal to electricity and oil -- to secure supplies for this winter at all costs, according to people familiar with the matter.

The order came directly from Vice Premier Han Zheng, who supervises the nation’s energy sector and industrial production, and was delivered during an emergency meeting earlier this week with officials from Beijing’s state-owned assets regulator and economic planning agency, the people said, asking not to be named discussing a private matter. Blackouts won’t be tolerated, the people said.