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

  Home>News Center>China
       
 

Experts call for cooling down investment in coal sector
(Xinhua)
Updated: 2005-05-26 18:31

Chinese experts have called for cooling down investment in the coal sector to avoid prices tumbling, although the country faces chronic power crunch and stretched coal supply.

"The investment in coal mines is overheating. The spending spree should be cooled down," said Guo Yuntao, director of China Coal Industry Development Research Center, at the China Energy Strategy Higher Level Forum at the eighth China Beijing International High- Tech Expo on Wednesday.

The Beijing-based English-language daily newspaper China Daily Thursday said the warning came as many coal mines and investors are pouring billions into expanding collieries and build new pits.

Investors are gambling on the longevity of strong coal prices, which have increased more than 50 percent in the past two years, the report said.

The fixed-asset investment in the coal sector surged over 86 percent year-on-year in the first quarter to 7.6 billion yuan (918 million US dollars). The figure is much higher than the average investment growth of 22.8 percent among all industries.

Rampant investment is especially serious in townships and county-owned coal mines which account for nearly 40 percent of China's total coal output.

Capacity expansion goes against the government's plan to gradually cut the output of small, inefficient mines, said Guo.

Meanwhile, he said China needs additional coal production capacity of 50 million tons this year, and 500 million tons by 2010 to meet the increasing demand.

But Li Chengyi, the secretary general of Shanxi Coal Industry Association, also warned that if the current over investment continues, a production glut is almost inevitable. The government is making efforts to put the brakes on rapid development in coal-guzzling industries such as cement, steel, and coal-fired power plants, he said.

"It would be a disaster should the industry experience significant excess production," Li said.

China's coal consumption is expected to increase by 6 percent this year to 2.1 billion tons, slower than last year's growth of 12 percent, according to the China Coal Industry Association.



 
  Today's Top News     Top China News
 

China hails bird flu vaccine amid pandemic warning

 

   
 

China, Uzbekistan sign $600m oil agreement

 

   
 

Tsang resigns to run in Hong Kong by-election

 

   
 

EU sets deadline on resolving textile dispute

 

   
 

Shanghai targeting at property bubbles

 

   
 

Chinese shoppers outspend Japanese abroad

 

   
  New vaccines developed to stop bird flu
   
  Toyota to build 3rd plant in Tianjin - report
   
  Standard English for the 2008 Olympic Games
   
  Sichuan fire razes 200 hectares of virgin forest
   
  Child safety cited in call for better toy quality
   
  Olympic champ Liu loses rights litigation
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
邛崃市| 西乌珠穆沁旗| 于田县| 云林县| 萨迦县| 米林县| 儋州市| 合江县| 枣阳市| 商都县| 佛教| 陕西省| 陆良县| 慈利县| 南安市| 东海县| 华池县| 上蔡县| 恭城| 屯昌县| 长宁区| 合水县| 上蔡县| 五寨县| 巫溪县| 徐水县| 钟山县| 门源| 宜宾县| 新巴尔虎右旗| 迁西县| 瑞昌市| 富蕴县| 涟水县| 平果县| 外汇| 绥棱县| 孝昌县| 泾源县| 唐山市| 磐安县|