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China State Fund Joins Shift From Coal Power Investments

  • State investment giant won’t add new thermal power assets
  • Country is still world’s largest user and producer of fuel
Construction And Coal Power Generation As China's Economy Expands At Weakest Pace Since 2009
Photographer: Qilai Shen/Bloomberg
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One of China’s largest state investment companies vowed to stop plowing money into new coal-fired plants, joining a global shift by financiers away from the polluting fossil fuel.

Although State Development & Investment Corp.’s withdrawal is in line with the country’s ambition to use less coal and more cleaner fuels, it doesn’t mark a broader shift from the cheap and plentiful energy source that will provide the bulk of China’s power for years to come.