'Forget UK fuel crisis' China energy shortage to spark 'massive global economic' impact


Economists have already slashed their forecasts for China’s economic growth this year, with experts at Goldman Sachs predicting a fall from 8.2 percent down to 7.8 percent on Tuesday.

Hui Shan, chief China economist, said: “Recent cuts to production in a range of high-energy-intensity industries add to the already significant downside pressure in the growth outlook.”

In a note published this week, the Wall Street bank’s analysts said there is “considerable uncertainty” heading into the fourth quarter.

International tech powers like Tesla rely on Chinese manufacturers for many key technologies and parts, which means their supply lines could be disrupted as a result.



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