Govt to in­tro­duce new poli­cies on coal pro­duc­tion

China Daily (Canada) - - BUSINESS -

The govern­ment will in­tro­duce poli­cies to reg­u­late the pro­duc­tion of coal soon, said an of­fi­cial of the China Na­tional Coal As­so­ci­a­tion on Thurs­day. Wang Xianzheng, pres­i­dent of the as­so­ci­a­tion, said that since the sec­ond half of 2012, coal use has slowed. The in­dus­try has faced the ris­ing pres­sure of fall­ing prices and surg­ing in­ven­to­ries, caus­ing losses for the sec­tor. Ac­cord­ing to a re­cent sur­vey by the as­so­ci­a­tion, more than 70 per­cent of China’s coal com­pa­nies are los­ing money.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.