www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Profits of China coal producers surge on capacity cuts

Xinhua | Updated: 2017-07-21 14:29
Share
Share - WeChat

ORDOS, Inner Mongolia — Chinese coal producers that for years struggled to keep afloat are bouncing back with substantial profit growth as the industry's ongoing downsizing has helped prop up prices and regain a supply-demand balance.

Combined profits of large coal enterprises with annual turnover of at least 20 million yuan (nearly $3 million) came at 123.34 billion yuan in the first five months, nearly 90 times that of the same period a year ago, according to statistics released at a national coal trade fair Thursday.

"The sector's performance is improving steadily," said Wang Xianzheng, president of the China National Coal Association, at the event.

Thanks to measures to tackle over-production, China's coal industry is gradually back on track. As of the end of May, around 97 million tonnes of coal capacity had been cut, accounting for 65 percent of the annual goal.

Wang said a balance had been basically reached, citing stable increases in coal output, imports and consumption.

The Bohai-Rim Steam-Coal Price Index, China's benchmark coal price, rose for the sixth straight week to 582 yuan per tonne on Wednesday, 38 percent higher than a year ago.

But Wang cautioned against over-optimism, saying more time was needed to embrace a comprehensive recovery as the bouncing-back was still short and entrenched problems remain unsolved.

"Despite the rising profit margin, a majority of coal firms are still in hardship due to lingering pressures from keeping operation and stability in mining areas," Wang said.

Profits were highly concentrated, with five industry giants, including Shenhua Group and Shandong Energy Group, raking in nearly two-thirds of the total in the January-May period.

Risks for coal companies will be on the rise because of more capacity being phased out, an increasing number of those laid-off in need of re-employment and rising debt burdens, Wang said.

As part of the effort to overhaul the economy, the Chinese government will keep its firm stance on excess capacity cuts with plans to eliminate 150 million metric tons of coal capacity this year.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 成人在免费视频手机观看网站 | 一级爱做片免费观看久久 | 日韩午夜视频在线观看 | 免费一区二区三区视频狠狠 | 国产在线观看一区 | 人人99| 九草在线免费观看 | 国产在线综合视频 | 国产在线成人一区二区 | 中文国产成人精品久久水 | 欧美三级在线 | 日韩a一级欧美一级在线播放 | 波多野结衣中文视频 | 国产成人精品一区二区秒拍 | 亚洲福利国产精品17p | 日本特黄特色免费大片 | 欧美成人午夜在线全部免费 | 先锋影音xfyy5566男人资源 | 91久久| 久久欧美精品欧美久久欧美 | 午夜性刺激免费视频 | 精品国产一区二区三区不卡在线 | 成人国产三级精品 | 黑色丝袜美美女被躁视频 | 一级毛片免费观看 | 色站综合 | 国产成人精品日本亚洲网址 | 中国性猛交xxxxx免费看 | 美女黄色免费在线观看 | 美女18网站 | 一区二区三区四区产品乱码伦 | 波多野结衣3女同在线观看 波多野结衣aⅴ在线 | 国产aaa女人十八毛片 | 99热只有精品一区二区 | 亚洲日本免费 | 91免费永久国产在线观看 | 欧美一级毛片在线一看 | 国产美女作爱全过程免费视频 | 免费人成黄页在线观看视频国产 | 亚洲二区在线 | 精品在线一区 |