Daily Memo: China’s Blackouts, Japan’s Defense

The electricity crunch seems to be getting worse.

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China’s grid. China’s electricity crunch seems to be getting worse. Rolling blackouts have reportedly begun in several major cities, including Beijing and Shanghai. The cuts are mostly policy-driven; provincial authorities are cutting usage to comply with annual consumption caps and carbon targets set by the central government. So in theory, if things get really bad, […]

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