China's mammoth coal industry gets bigger, crowding out imports
2019-04-10 11:09:37 source：Straits Times
April 10, 2019
BEIJING (BLOOMBERG) - A year of plenty for China's coal industry will probably mean a slump in imports, with miners in Australia likely to be the hardest hit.
The world's biggest producer and consumer of the fuel is set to lift output by more than 100 million tons in 2019, Wang Hongqiao, vice president of the China National Coal Association, said at a conference in Shanghai on Tuesday (April 9).
The nation dug up 3.55 billion tons of coal in 2018. Another increase would be the third year in a row and could see output close in on 2015's record of 3.68 billion tons. At the same time, Wang predicted that consumption would remain stable.
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