China’s Power Crunch Is Next Economic Shock Beyond Evergrande
In 2016, just a month or so after Donald Trump was elected President of the US, I said in an interview that heavy industry will not only leave China but also come back to the US. Cheap and reliable energy would be one of the most potent reasons. China needs to import almost anything which makes it very vulnerable to price shocks. Just look at US gas prices. They are higher than last year’s average but not by a huge lot. The spread between Europe and the US is multiples of the highest US prices. Asia’s bumper years are over. I just ask myself where this leaves Europe.
BNN 
