Skip to main content

China’s coal hub upgrades production capacity

Abstract : China's coal mining hub Shanxi produced 1.06 billion tonnes of coal in 2020, ranking the first in the country, according to data from the National Bureau of Statistics.

TAIYUAN, Jan. 28 (Xinhua) — China’s coal mining hub Shanxi produced
1.06 billion tonnes of coal in 2020, ranking the first in the country,
according to data from the National Bureau of Statistics.

Amid the province’s drive to cut its outdated overcapacity, Shanxi
closed all coal mines with an annual output of fewer than 600,000 tonnes
by the end of 2020. The number of coal mines in the north China
province had fallen to 890 by the end of 2020.

Meanwhile, it has introduced advanced technology for 68 percent of its production capacity. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s coal hub upgrades production capacity

Comments

Popular posts from this blog

China’s Greater Bay Area to take lead in traditional medicines

Abstract : Guangdong, Hong Kong and Macao will strengthen cooperation in building a "highland" for the traditional Chinese medicine (TCM) sector, according to an official plan unveiled on Thursday. GUANGZHOU, Oct. 23 (Xinhua) — Guangdong, Hong Kong and Macao will strengthen cooperation in building a “highland” for the traditional Chinese medicine (TCM) sector, according to an official plan unveiled on Thursday. The plan was jointly released by the National Administration of Traditional Chinese Medicine, the office of the leading group for the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the provincial government of Guangdong. According to the plan, the bay area aims to take the lead in innovation, industry development and personnel training of TCM, as well as promoting its internationalization. The region plans to build a group of high-level TCM hospitals by 2022 and help several well-known local TCM brands enter the global market. By 2025, the inter...

Economic Watch: China’s industrial profits rebound, pressure persists

Abstract : Profits of China's major industrial firms rebounded in the second quarter (Q2) as business activities continued to pick up, but the recovery still faces uncertainties due to the global spread of COVID-19. BEIJING, July 27 (Xinhua) — Profits of China’s major industrial firms rebounded in the second quarter (Q2) as business activities continued to pick up, but the recovery still faces uncertainties due to the global spread of COVID-19 . In Q2, profits of industrial companies with annual revenue of more than 20 million yuan (about 2.86 million U.S. dollars) rose by 4.8 percent year on year, reversing the 36.7-percent decline in Q1, the National Bureau of Statistics (NBS) said on Monday. In June alone, major industrial firms saw their profits rise by 11.5 percent to 666.55 billion yuan, widening by 5.5 percentage points from that in May, said NBS senior statistician Zhu Hong. The quickened growth in industrial production and sales, as well as the moderate drop in the fa...

FTSE Russell to add Chinese government bonds in flagship WGBI at the end of October

Abstract : FTSE Russell, a global multi-asset index provider, confirmed on Monday that Chinese government bonds to be included in the FTSE World Government Bond Index (WGBI) at the end of October. LONDON, March 30 (Xinhua) — FTSE Russell, a global multi-asset index provider, confirmed on Monday that Chinese government bonds to be included in the FTSE World Government Bond Index (WGBI) at the end of October. “FTSE Russell is pleased to confirm that Chinese Government Bonds will be included in the WGBI and its derived indexes beginning at the end of October 2021,” said FTSE Russell in a statement. China’s WGBI inclusion will occur over a period of 36 months to ensure an orderly transition for markets and investors, said FTSE Russell. “This confirmation is based on affirmation with members of the FTSE Russell advisory committees and other index users that ongoing reforms to the Chinese government bond market warrant inclusion in the WGBI,” read the statement. Waqas Samad, chief exec...