Caixin
Dec 01, 2016 06:07 PM
BUSINESS

China Faces Severe Coal Transport Capacity Shortage

(Beijing) — China is suffering from a major shortage of trains to transport coal, a situation that follows a pause in construction of new rail cars and the scrapping of many old ones due to oversupply and weak demand over the past three years.

Beijing has embarked on a campaign to eliminate excess capacity in a number of industrial sectors, with coal and iron both set for sharp reductions. Much of the excess was built to feed China's hungry economy during years of breakneck growth, when annual expansion routinely reached 10% or more.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code