Coal Production in China Shows Fast Increase in the First Four Months

---

Researched by Industrial Info Resources (Sugar Land, Texas). Based on the latest statistics released by China Logistics Information Center recently, coal production in China showed a swift increase in the first four months of 2007; coal import also showed a fast increase.

China coal resources are increasing continuously; the accumulated increase of resources in the first four months reached 705.08 million tons, an increase of 27.4% compared with the same period last year. Accumulated imports of coal reached 19.22 million tons, an increase of 50.5% compared with the same period last; accumulated export of coal 15.87 million tons, a decrease of 28.6% compared with the same period last year.

Industry production in China is increasing continuously and accumulated gross industry production reached $1.487 trillion in the first four months of this year, an increase of 26.9% compared with the same period in 2006. Major coal consumption industries such as power, metallurgy, construction materials and, chemicals, are on sound development status. Production output volume is quickly increasing, and the average increase is higher than 10%. Fast increases in related industries, especially the increase of thermal power output, maintained a stable demand on domestic coal market prodigiously.

In association with the increase of coal production in China, rail and water transportation capacity has also increased. Under the impact of the policy change for the cancellation of the coal export tax refund rate, the nation’s coal export volume is reduced and the coal import volume has increased in China. The volume of imports surpassed the volume of exports the first time in China in March 2007, which was shown in the state of net imports.

Industrial Info Resources (IIR) provides marketing communication services ranging from industrial database solutions to market forecasting, custom analytics, and specialty promotions that support high-level image campaigns.