China’s Factory Heartland Seeks Lower Power Costs for Embattled Exporters
- Guangdong seeks lower annual rates next year, Caixin reports
- Incoming Trump administration’s tariffs a threat to exporters
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China’s industrial heartland is looking to reduce electricity prices in a move that will help embattled exporters while shifting some economic pain to power plants.
The southern province of Guangdong, which has a bigger economy than Australia, is taking the lead in China’s efforts to liberalize its power markets. Cutting electricity rates for next year would lower costs for factories threatened by US President-elect Donald Trump’s proposed tariffs on the exports that drive the region’s growth.