Beijing Lowers This Year’s Goal for Cutting Excess Coal Production
(Beijing) — China’s goal to reduce excess coal capacity will be far less ambitious this year — only 20% of last year’s target — because scaling back coal production is expected to be increasingly difficult due to rising prices and concerns over lost jobs.
The government aims to close down coal mines representing a combined annual production capacity of 50 million tons, the National Energy Administration (NEA) said in its directives for energy work in 2017, published Friday. The number is far less than the 250-million-ton goal set for last year.
- 1China’s Moon Explorer Posts Photo of Sprouting Cotton Plant
- 2Huawei Canada Exec Quits as Scandal Continues to Embroil Company
- 3Luckin Coffee Reportedly Seeks IPO in Hong Kong
- 4Bank of China to Test Waters for Perpetual Bonds
- 5Apple Chief Counsel Accuses Qualcomm of Holding Phone-Makers for ‘Ransom’
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas