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China’s export growth likely eased in Sept on electricity curbs: Reuters poll

China’s export growth likely slowed in September as electricity rationing hit production at home, while a shift in consumption towards services as developed economies reopened likely reduced global appetite for Chinese goods, a Reuters poll showed on Tuesday. Imports also slowed, while China’s trade surplus narrowed, the Reuters poll showed. A widening power shortage in China, caused by the country’s transition to clean energy, booming industrial demand and high commodity prices, have halted production at numerous factories including many supplying big global brands such as Apple and Tesla.

Evergrande plans to roll out electric cars in 2022, sending shares of its auto unit 4.5% higher

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