China energy crunch triggers shutdowns, pleas for more coal

> Goldman Sachs estimated that as much as 44% of China's industrial activity has been hit by power shortages, potentially causing a one-percentage-point decline in annualised GDP growth in the third quarter, and a two-percentage-point drop from October to December.

Interestingly the Chinese government has prioritized residents over export goods:

> the main state grid operator sought to reassure customers, saying it would work to guarantee coal supply and strictly control power use by high-energy consuming and polluting sectors, and ensure power supply to residents during the October holidays and winter heating season.

I am not that familiar with energy markets but some people on social media are pointing out the recent Sino-Aussie trade conflict as affecting the coal supply: https://twitter.com/HelenHet20/status/1442745619240689666

Seems like overall it is a win since China might accelerate the construction of Hualong One Gen3 nuclear reactors (and could benefit of economies of scale like the Fuxing Hao / CTCS)