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Does China's latest coal policy reverse previous efforts to cut capacity?

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Report summary

The National Development and Reform Commission of China announced that additional coal capacity would be allowed to enter the market. However, the government also published its mid-year capacity-cutting results at the same time. With one message saying release more, while another highlighting reduction achievements, are China coal policies contradictory? What impacts the new policy will bring to the market? When the market will see the material effects of additional capacity?  

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Table of contents

  • How will the additional capacity impact the market?

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