Shipments of Australian coal that have been stranded in Chinese ports for months have finally been unloaded as China grapples with an energy crisis that has seen coal and gas prices surge to new peaks.
A confluence of factors including the approaching winter months, the Chinese Communist Party’s (CCP) moves to reduce carbon emissions, COVID-19 restrictions, and its unofficial ban on Australian coal have combined to create the crisis that has manifested in sweeping blackouts that have affected China’s economic engines, the provinces of Jiangsu, Zhejiang, and Guangdong.
