Shares of power producers slipped as central bank officials said they are prepared to reverse pandemic stimulus programs as soon as November.
New projections showed half of 18 officials expect to raise interest rates by the end of 2022.
Chinese President Xi Jinping said Beijing would stop building coal-fired power plants abroad, in a public commitment to redirect the country's huge engineering industry away from adding to a source of global pollution. Beijing has faced pressure from the U.S., the European Union and environmental groups for having continued to finance and build coal-fired power plants in many developing countries, even as it said it would cut greenhouse emissions at home.
Write to Amy Pessetto at amy.pessetto@dowjones.com
(END) Dow Jones Newswires
09-22-21 1741ET
