Goldman Sees China’s ‘Stealth’ Coal Bailout Lasting to 2020

Updated on
  • Miners unable to service 3 trillion yuan debt without cuts
  • Qinhuangdao prices up about 65% as YTD output drops 10.5%

China’s coal production restrictions are a “stealth” bailout for miners and their creditors that may last until the end of the decade as the policies help boost prices, according to Goldman Sachs Group Inc.

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