Quick Take: China Cuts Industrial Electricity Charges Again
China announced another cut in electricity prices for commercial and industrial users, the second in a month, as the government fulfills pledges made by Premier Li Keqiang in March to lower the cost burden for businesses.
The latest reduction, announced on Wednesday by the National Development and Reform Commission (NDRC), took effect on May 1 and amounted to 0.0216 yuan (0.33 U.S. cents) per kilowatt-hour, or around 2.7%, the commission said on its website (link in Chinese).
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