China has introduced a system that reduces electricity fees for data centers using domestic semiconductors by up to 50%. The move is seen as an attempt by the government to offset cost risks associated with the lower power efficiency of Chinese-made chips. It also reflects Beijing's. The International Energy Agency (IEA) forecasts that in the next five years, the global demand for power (electricity) is set to grow roughly 50% faster than it did during the previous decade – and more than twice as fast as energy demand overall.