Chinese Companies
Energy consumption: Chinese province orders companies to suspend production
Beijing: Zhejiang province, which is considered as a major Chinese manufacturing hub, has ordered a swath of companies to temporarily halt production as the province struggles to meet its energy consumption targets.
The order has affected nearly 160 energy-intensive companies, mainly the textile, dyeing and chemical fibre industries, ANI reported quoting Nikkei Asia report.
The production order issued for September 21-30 hit several companies out of which 80 per cent are in the Ma'an area.
Nikkei Asia reported a community official at Ma'an area in Shaoxing city, saying, "It is mainly for the provincial government's energy consumption control requirements."
"The suspension is quite long, and it will definitely affect business as order deliveries will be delayed," a dyeing company executive in Keqiao told Nikkei Asia as quoted by ANI.
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