Market Views: How will China’s power crunch affect investors?

China’s already slowing economy has been further dragged down by nationwide power shortages across factories and households, leading investors to take a more cautious approach to their China exposures. Surging coal prices and China’s carbon neutrality push limited factory access to power earlier in the summer, forcing them to halt production. But news about the power crisis only reached mainstream media when the shortage extended to ordinary households in late September as homes i…