China Plans Coal Import Ban at Some Ports Starting July 1
- Nation plans to ban coal imports to provincial approved ports
- Ports set up under authority of State Council can still import
A worker lifts a lump of coal while loading a truck at a wholesaler in New Delhi, India, on Wednesday, Nov. 5, 2014. Prime Minister Narendra Modi is seeking to end a four-decade-old government monopoly on mining and selling coal.
Photographer: Kuni Takahashi/BloombergChina plans to ban coal imports starting July 1 at ports that were set up through approvals by provincial authorities, according to people with knowledge of the situation, the latest move by President Xi Jinping’s government to exert stricter control on the market.
Ports in the world’s largest consumer of the fuel that were approved under the authority of the State Council will still be able to receive overseas shipments, said the people, who asked not to be identified as the information isn’t public. China’s largest ports are typically approved by the central government’s State Council when they are developed, while smaller ports usually only received provincial or local approvals.