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China's Q1 coal output increases 28%

2010-04-16 09:17 BJT

China's coal output grew 28 percent, year on year, to well over three-quarters of a billion tons in the first quarter, according to the National Bureau of Statistics.

The increase indicates that the country has built up large production capacity, following rapid growth in fixed asset investment, according to an analysis by the China National Coal Association. The report estimates that the nation's total coal production capacity has exceeded 3.6 billion tons. Mergers and acquisitions in coal-rich areas like Shanxi Province, Henan Province, and the Inner Mongolia Autonomous Region are expected to create large mining companies, and further raise production level.

 

Editor: Du Xiaodan | Source: CCTV.com