Alphabulk: China will scale even further back on coal

China had already announced plans for cutbacks in the country's consumption as well as production of coal. But now the capacity at Chinese coal mines is to be reduced even further, writes analyst agency Alphabulk.

China presents plans to reduce the country's coal output even further in coming years.

Analyst agency Alphabulk writes that the country is planning to trim 10 percent off of the capacity at state-owned coal and steel companies over the next two years. These cuts will reach 15 percent over the next five years.

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