Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Monday, August 14, 2000, updated at 21:44(GMT+8)
Business  

China Reports Rise in Coal Export

China's coal export soared 44.8 percent in the first six months to 25.88 million tons, compared to the same period of last year.

Sources from the State Coal Industry Administration said that rising exports have become a leading force promoting the industry and using up some of the country's surplus coal.

The sources attributed the rapid export growth to the government's measures to encourage exports in order to cut down the stockpile in the domestic market.

The country plans to sell 46.1 million tons of coal abroad this year, compared with 38 million tons in 1999.

Meanwhile, the government has achieved some success in closing small mines and reducing total coal production.

In the first half of the year, the country produced 451.62 million tons of coal, down by 39.83 million tons, or 8.11 percent from last year. Thanks to this shrinking production, the country's overstock of coal should be reduced by 27.66 million tons to reach 152.54 million tons in six months time.

Consequently, in some areas, especially in east China, serious oversupply has been eased and coal prices have gone up.




In This Section
 

China's coal export soared 44.8 percent in the first six months to 25.88 million tons, compared to the same period of last year.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved