e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

ECONOMY
Weekly Watch> WEEKLY WATCH NO. 10, 2010> ECONOMY
UPDATED: March 5, 2010 NO. 10 MARCH 11, 2010
Soaring Coal Imports
Share

China imported a total of 16.078 million tons of coal in January, surging 438.3 percent from the same month last year. The amount was the second largest after the 16.385 million tons of imports last December, according to figures from the General Administration of Customs.

While China's coal reserves rank first in the world, companies still seek coal from abroad. Insiders attributed the import surge to domestic coal giants' unwillingness to lower prices, thus forcing thermal power plants to find alternative sources.

Southern regions like Guangxi Zhuang Autonomous Region and Guangdong Province prefer to import coal from the Philippines or Malaysia as the shipping fee from the southeast Asian nations to south China is less than from the Qinhuangdao Port in the coal-abundant north China.

Li Chengren, a senior researcher at the State Grid Energy Research Institute, said the high coal prices put enormous pressures on power companies, while the latter are already in a weakened position. Li said coal importing will become a trend.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved