China said it would allow the price of coal-fired power to rise more sharply, in the hope that market forces can address a power crunch that has threatened growth and caused ripple effects around the world.
The decision by the government’s economic-planning arm amounted to an acknowledgment that price controls have warped the market. Power producers have been hit with sharply rising costs for the coal they need to fire their generators, yet government rules have largely prevented them from passing on those higher costs to their customers.
Disclaimer that the site operates automatically without human intervention, so all articles, news and comments posted on the site are the responsibility of the owners and the website manages them do not bear any moral or legal responsibility for the content of the site.
"All rights reserved for their owners"
Source:" WSJ "