China's energy problem is actually the result of a booming economy -- which is why they felt confident enough to go after tech companies, the real estate industry (Evergrande) and many others from education to entertainment with regulations.
"Strong economic growth in China translated into high demand for electricity. In January-August 2021, China's total electricity output and thermal power generation reached absolute historical records."
In August, electricity output was twice as high as 2018 and almost three times as much as 2019 -- pre-pandemic years! China is producing unprecedented amount of energy and still can't keep up with demand because China is facing one of the greatest manufacturing spikes in history.
View attachment 114582