Coal out­put to in­crease to head off price rise

China Daily (USA) - - NEWS CAPSULE NEWS IN REVIEW -

China’s top eco­nomic reg­u­la­tor gave ap­proval to bring back on­stream some frozen coal pro­duc­tion ca­pac­ity to head off coal prices ris­ing ex­ces­sively.

The Na­tional De­vel­op­ment and Re­form Com­mis­sion com­mis­sion said that it has made new plans to in­crease daily coal out­put by 500,000 tons to tem­per coal prices, which have been in­creas­ing sharply due to a short sup­ply.

The ca­pac­ity in­volved was pre­vi­ously taken off­line to tackle in­ef­fi­cien­cies and un­prof­itabil­ity re­lated to over­ca­pac­ity in the sec­tor.

The NDRC said that over­all it was stick­ing to its pol­icy of shed­ding over­ca­pac­ity inthe sec­tor.

The Na­tional Hol­i­day is one of China’s two Golden Week hol­i­day pe­ri­ods, the other be­ing Spring Fes­ti­val, which usually falls in Jan­uary or Fe­bru­ary.

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