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China Weighs Coal Market Intervention to End Stunning Rally

  • NDRC says it will have ‘zero tolerance’ policing coal market
  • Country plans to increase daily coal output to 12 million tons
Bloomberg business news
China Weighs Coal Market Intervention to End Rally
Updated on

China’s top economic planner is studying ways to intervene in the coal market as the government tries to rein in rising prices and curtail shortfalls that are threatening energy security and economic growth.

The National Development and Reform Commission said it’s evaluating measures to intervene in prices and has “zero tolerance” for those spreading false information or collusion in the market. The agency added that China planned to raise its coal output to 12 million tons a day and give the fuel priority for deliveries through ports and over railroads.