国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

Slump in Shanxi's coal industry

(Xinhua) Updated: 2015-07-29 09:31

TAIYUAN - Coal mines in North China's Shanxi province face a bleak future, with a continued slump in the fortunes of an industry that was once the backbone of the local economy.

Shanxi's coal industry lost more than 4 billion yuan ($644 million) in the first half of 2015 as government curbs on the polluting sector took their toll, official statistics indicated on Tuesday.

Coal production reached 463 million tons during the first six months, a year-on-year decrease of 3.2 percent. Meanwhile, coal storage climbed to 47 million tons, up 35 percent compared with the beginning of 2015 and accounting for almost half of China's total inventory.

The industry has now suffered losses for 12 consecutive months.

The Shanxi government has controlled the growth of coal production in recent years in the hope of shaking off the economic mode of relying heavily on coal resources. The provincial government is approving no new coal mines for the next five years to tackle overcapacity.

Meanwhile, banks in China have issued a variety of restrictive financing measures for coal-related industries, including raising the financing threshold for coal producers and lowering loan scales.

"It will be difficult to reverse the situation in the coal market," said Pan Yun, deputy head of the Shanxi Academy of Social Sciences.

"On one hand, the economic slowdown will cap demands for coal. On the other, the country has increased efforts to save energy and reduce emissions. The rising proportion of alternative energies including hydropower and natural gas will also reduce demand for coal," Pan added.

Hot Topics

Editor's Picks
...
同仁县| 古丈县| 吴堡县| 前郭尔| 河西区| 威宁| 清涧县| 贺兰县| 清涧县| 江孜县| 正阳县| 长宁区| 苗栗县| 德江县| 高密市| 康平县| 永宁县| 忻城县| 金湖县| 嘉峪关市| 巴青县| 荆州市| 和林格尔县| 桦南县| 汉中市| 吉安县| 伊吾县| 漯河市| 高雄县| 金乡县| 娱乐| 岳阳县| 屏东市| 固镇县| 萨迦县| 新巴尔虎右旗| 玛沁县| 东港市| 当阳市| 扎囊县| 建平县|