Chart of the Day: China’s Coal Miners Pile Up Record $111 Billion in Profit

China’s coal mining sector doubled its profits last year as the nation’s pandemic recovery ramped up demand for the pollution-emitting fuel source.

Coal mining companies posted 702.3 billion yuan ($111 billion) in profit for 2021, a figure that soared 213% year-on-year, figures from the National Bureau of Statistics (NBS) showed. The surging earnings also made it the third-most profitable sector tracked by the bureau, behind electronics and communication-equipment makers and chemical products manufacturers.