After experiencing much volatility in 2016, China's coal market is gradually restoring calm. Under new market prices, we revised up our production and cash costs forecast for 2017. In the longer term, we expect Chinese coal will have a declining weighted average cash cost as the country is dedicated to cutting outdated capacity and improving industry concentration. In key takeaways, we summarised provincial capacity cut targets for 2017 and suggested how China's coal capacity landscape will look by the end of 13th five-year plan period. We also updated coal quality information and did quality-price mapping for all assets.