Coal consumption cap at 4.1b tons by 2020
China aims to cap coal consumption at 4.1 billion tons by 2020 and use cleaner fuel. By 2020, the share of coal in the country’s energy mix should fall below 58 percent, said the energy sector’s five-year plan for 2016-20, released by theNational Development and Reform Commission and theNational Energy Administration. Coal accounted for 64 percent of primary energy in 2015. By 2020, China’s total energy consumption will be capped at 5 billion tons of coal equivalent, representing an annual rise of about 2.5 percent between 2016 and 2020. The share of non-fossil fuels will rise to more than 15 percent and the share of natural gas should reach 10 percent. on average, and 15.6 percent of them own at least four each, according to the report published byHurun Research Institute. Over 50 percent of the properties they bought were purchased for school district access, the report said, adding that children’s education and the need to hedge against risks are two major reasons for their purchases. As of May 2016, the Chinese mainland had about 1.34 million people with assets worth of more than 10 million yuan, up 10.7 percent year-on-year, the report said.