China Must Restore Growth

BEIJING – China is having an eventful month, marked by proliferating power-supply disruptions and the debt crisis of the country’s second-largest property developer, Evergrande. What does this mean for China’s post-pandemic economic recovery and growth prospects? Begin with the energy crisis, which started when a rapid increase in exports — driven by the global recovery — fueled a sharp increase in demand for electricity. China remains dependent on coal for 56.8 percent of its total

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