Commodities
China Could Restart Import Controls on Coal as Oversupply Mounts
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China could reestablish import controls on coal, after leading industry groups warned on mounting oversupply in the world’s biggest market for the fuel, according to Morgan Stanley.
The bank said a complete ban is unlikely given China’s obligations to the World Trade Organization, but purchases could be discouraged if the authorities impose delays or inspections on imports, analysts including Sara Chan said in a note. Similar controls were imposed in 2014, 2017 and 2018.