Coal sector in China posts steady expansion in 2019
(MENAFN)
An industrial report showed that the coal industry in China saw a stable expansion in the earlier year of 2019, as it posted an improvement in the indsutrial structre and enjoyed a rise in demand and supply.
A report published by the China National Coal Association said that the number of coal mines across the country has dropped to about 5,300 at the end of 2019 as China promoted the industry's structural reform cimoared with 5,800 at the end of 2018.
More benefits have resulted to the industry due to the restructuring of its upstream and downstream industries, as the main major coal companies saw their total profits USD39.9 billionin 2019.
The National Bureau of Statistics said that the coal usage across China increased 1 percent compared to a year earlier as the net imports of coal and the raw coal output both increased 6.3 percent and 4 percent respectively.
An industrial report showed that the coal industry in China saw a stable expansion in the earlier year of 2019, as it posted an improvement in the indsutrial structre and enjoyed a rise in demand and supply.
A report published by the China National Coal Association said that the number of coal mines across the country has dropped to about 5,300 at the end of 2019 as China promoted the industry's structural reform cimoared with 5,800 at the end of 2018.
More benefits have resulted to the industry due to the restructuring of its upstream and downstream industries, as the main major coal companies saw their total profits USD39.9 billionin 2019.
The National Bureau of Statistics said that the coal usage across China increased 1 percent compared to a year earlier as the net imports of coal and the raw coal output both increased 6.3 percent and 4 percent respectively.
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