Emperor Xi’s Got This! Tells Empty Factories To Goose Electric Power Consumption

And in further proof that China is now openly manipulating those same “alternative”, high-frequency data, we get another account according to which a factory manager was told he must consume 3000 kWh electricity by midnight, as authorities use electricity usage as a criterion of re-open rate. Even the factory has not re-opened for lack of supply and manpower due to #COVID2019, the manager had to switch on all the air conditioners and other equipment to ensure they achieve the quota.

 

 

 

 

https://www.zerohedge.com/economics/china-orders-owners-closed-factories-crank-electricity-usage-pretend-economy-back-normal