HOME   NEWS   SPECIAL REPORT   PHOTO   COMMENTARY   VOICE   LEARNING CHINESE
NEWS > Business
China sees balanced demand, supply of coal in first half
2007-09-02 06:04:24 Xinhua English

BEIJING, Sept. 2 (Xinhua) -- China's supply of coal largely managed to meet domestic demand in the first half of this year, sources with the National Reform and Development Commission said on Sunday.

The top economic planning agency estimated between January and June, 1.26 billion tons of coal were produced nationwide, a growth of 10.1 percent over last year. The growth rate in the first half year was 2.5 percentage points higher than the growth of entire last year.

The total included 1.08 billion tons of raw coal by major enterprises, up 11.4 percent.

Thanks to state policy for restricting coal export and encouraging import as well as appreciation of Renminbi, China turned from a net exporter to a net importer of strategic resources in the first half-year.

In the six-month period, China imported 27.07 million tons of coal, up 47.6 percent, and exported 23.12 million tons, down 27.9 percent.

The net imports stood at 3.95 million tons, as against a net export volume of 13.74 million tons for the same period of last year. This increased the total coal supply by 17.69 million tons.

In terms of demand, fixed-asset investment kept rising and major coal-consuming products had their output grow rapidly in the first six months.

From January to June, the economic planning agency estimated, approximately 1.263 billion tons of coal were consumed nationwide, up 12.2 percent. The growth rate was two percentage points higher than that for the whole of last year.

MORE NEWS
Gains for China's electronics, information sector up 18.7% in 1st 7 months  
Chinese midsize bank posts 66% growth in net profits in 1st half  
Leading Chinese carrier sees doubled net profits in first half  
Xiamen Airlines, Boeing confirm 25 planes order  
Top 500 Enterprises 2007 take up 84% of China's GDP  
China mulls regulations on royalties for music used by TV, radio stations  
Baidu searches for Japan riches  
Tibet's third civil airport transports 50,000 passengers in first year  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reportsˇAor find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright © 1996-SINA Corporation, All Rights Reserved