Bloomberg China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. The crackdown on power consumption is being driven by rising demand for electricity and surging coal and gas prices as well as strict targets from Beijing to cut emissions. It’s ...

Bloomberg A UK frigate sailed through the Taiwan Strait, the first such passage by a British naval vessel since late 2019, as a group of nations led by Washington pushes back at Beijing’s military assertiveness. The HMS Richmond transited the narrow body of water separating China from Taiwan on Monday on its way to Vietnam, according to the vessel’s Twitter ...

Bloomberg The Biden administration is considering a US-led competitor for China’s Belt and Road international trade and public works program, and a top White House official will scout Latin America next week for possible projects. Daleep Singh, the US deputy national security adviser for international economics, is traveling to Colombia, Ecuador and Panama to talk with high-level officials, business leaders ...