Commentary The growing power shortage in China has spread to Beijing and Shanghai, while residents in northeastern China—the hardest hit area—are stockpiling candles. I still remember the bitter cold winter during the 1960s in Liaoning, a coastal province bordering North Korea. In local elementary schools, the classrooms were freezing cold and students took turns lighting the wood burning stove. Who would have thought that power rationing would happen in China today? It’s easy to see North Korea in that situation because it’s very much like what China used to be in the 1960s. But it’s hard to believe that the world’s “second superpower” would need to ration electricity. Northeastern China, the coldest part of the country, needs coal or electricity for heat and candles just won’t do the job. Many analysts believe the reasons behind China’s power cuts are the following: boycotting Australia and its coal imports, rising coal prices, …