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A barge travels past the Wangting Power Plant in Wangting, China, on Sept. 30. Photo: Qilai Shen/Bloomberg via Getty Images

China’s energy crisis shows no signs of slowing, and it’s poised to impact the flow of goods that the nation sends stateside.

Why it matters: Supply chain disruptions are a huge part of what’s holding back the world’s economic growth as it recovers from the pandemic lockdown era. Electricity blackouts in China spawned by a power shortage could make that worse.

Details: Key suppliers to tech giants like Apple, Tesla, Microsoft, HP and Dell have been forced to cease or reduce operations, the FT reports.

  • Suppliers to U.S.-based makers of consumer products like water bottles and backpacks also face caps on their power usage, the WSJ writes.
  • Food costs will probably rise, too. Agricultural processing plants have had to go dark, according to Bloomberg.

The bottom line: Global markets may be in for a further supply shock, which could add to inflation, Nomura chief China economist Ting Lu wrote in a research note, according to the WSJ report.

Go deeper

Nov 16, 2021 - World

Olympics sponsors caught between U.S. and China

Illustration: Annelise Capossela/Axios

Companies that do business in China — especially Olympics sponsors — are concerned Beijing will use the 2022 Winter Games as a loyalty test.

Why it matters: China's leaders have become adept at silencing criticism from U.S. companies that might otherwise condemn the country's human rights record — and the Chinese government has been able to host prestigious global events like the Olympics while committing rights violations with impunity.

2 hours ago - World

Biden will move U.S. troops to Eastern Europe "in the near term"

President Biden boards Air Force One at Joint Base Andrews on Jan. 28. Photo: SAUL LOEB/AFP via Getty Images

President Biden said on Friday he plans to move U.S. troops to Eastern European and NATO countries “in the near term.”

Driving the news: “Not too many” U.S. troops, Biden added in remarks to reporters at Joint Base Andrew upon returning from a trip to Pennsylvania. 

Updated 2 hours ago - Energy & Environment

Bomb cyclone prompts blizzard warnings from Virginia to Maine

Computer model projection showing the intense storm off of Cape Cod on Jan 29, 2022, with heavy snow and strong winds lashing the coastline. (Weatherbell.com)

Blizzard warnings are in effect for 11 million people from coastal Virginia to eastern Maine as a potentially historic winter storm is set to slam the Mid-Atlantic and Northeast beginning Friday.

Why it matters: The storm will bring hazards ranging from zero visibility amid hurricane force wind gusts and heavy snow, to coastal flooding that will erode vulnerable beaches and threaten property from the Jersey shore to coastal Massachusetts.