The following is the 2020 annual report on coal industry development From China Coal Industry Association recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, research report.
The 13th Five Year Plan period is a milestone and epoch-making five years in the development history of coal industry. In February 2016, the State Council issued the opinions on resolving excess capacity in the coal industry and realizing poverty alleviation and development (GF (2016) No. 7), which clearly stated that starting from 2016, it will take three to five years to withdraw about 500 million tons of capacity, reduce and restructure about 500 million tons, greatly reduce the coal capacity, moderately reduce the number of coal mines, and effectively resolve the excess capacity in the coal industry, The market supply and demand are basically balanced, the industrial structure is optimized, and substantial progress is made in transformation and upgrading.
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