中文
China has retired 128 Mtpa of coal capacity or 85% of the 2017 target by end of July this year, with 17 Mtpa of the outdated capacity kicked out in the month, showed data from China National Coal Association.
Seven provinces have beaten their own annual de-capacity target by end-July, including Inner Mongolia, Liaoning, Jiangsu, Fujian, Henan, Guangxi and Chongqing.
The de-capacity work mainly targets the zombie mines that give up production for long time; operational coal mines get no or little affected except those loss-making and resource-depleting ones.
In 2016, 290 Mtpa of outdated coal capacity was retired. China phased out coal capacity of more than 400 Mtpa in total by end–June 2017 since last year, meeting half of target of the 13th Five-Year plan period(2016-2020).
The National Development and Reform Commission said de-capacity work helped improve operation situation for coal enterprises.
Total profit of above-sized coal enterprises (main business annual revenue above 20 million tonnes) amounted to 147.48 billion yuan ($22.09 billion), surging nearly three times from only 7.17 billion yuan a year ago.
(Writing by Alex Guo Editing by Tammy Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.
