China Raises Coal and Gas Output to Records After Prices Surge
- Steel production shrinks as virus restrictions stymie activity
- China to add a record amount of wind and solar this year
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China boosted coal and gas output to record levels in March, as the nation turned to its domestic producers for security of supply after international prices skyrocketed in the wake of the Russian invasion of Ukraine
Coal production increased 15% on year to 396 million tons, while natural gas rose 6.3% to 19.7 billion cubic meters, according to data from the statistics bureau on Monday. Crude output rose 3.9% to 17.71 million tons, its best level since December 2015, although refining activity retreated as demand remained fragile due to a resurgent virus.