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China says power supply issues larger than Evergrande

Power outages in China will break the equilibrium between supply and demand, directly impacting consumption and the real economy, says head of Water Wisdom Asset Management Yuan Yuwei.

Photo: HECTOR RETAMAL/AFP / AFP

China's extensive problems with power supply pose, if anything, a bigger threat to the national economy than the debt issues of real estate major China Evergrande.

Fear of a production downturn resulting from power failures has investors fleeing industrial stocks, while the real estate sector is seeing a turnaround, reports Reuters.

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