China is the world's largest producer and consumer of coal. Coal has contributed to China's pollution problem. And the coal mines are said to be the deadliest in the world, killing thousands of miners a year.To combat the recent slump in coal prices, the coal industry is said to have asked the government to restrict coal imports to China through quality control. Some argue that the slump is being driven not by oversupply, but because of a lack of demand.
But with China continuing to industrialize at a rapid pace, the importance of coal is unlikely to diminish in the coming years.
-China is the world's largest energy consumer.-
Source: Goldman Sachs
-It accounts for 21% of global energy use.-
Source: Goldman Sachs
-China is also the world's largest coal producer, accounting for over 40% of global coal production.-
Source: Global Times
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Reported by Business Insider 3 hours ago.