综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

  Home>News Center>China
       
 

Experts call for cooling down investment in coal sector
(Xinhua)
Updated: 2005-05-26 18:31

Chinese experts have called for cooling down investment in the coal sector to avoid prices tumbling, although the country faces chronic power crunch and stretched coal supply.

"The investment in coal mines is overheating. The spending spree should be cooled down," said Guo Yuntao, director of China Coal Industry Development Research Center, at the China Energy Strategy Higher Level Forum at the eighth China Beijing International High- Tech Expo on Wednesday.

The Beijing-based English-language daily newspaper China Daily Thursday said the warning came as many coal mines and investors are pouring billions into expanding collieries and build new pits.

Investors are gambling on the longevity of strong coal prices, which have increased more than 50 percent in the past two years, the report said.

The fixed-asset investment in the coal sector surged over 86 percent year-on-year in the first quarter to 7.6 billion yuan (918 million US dollars). The figure is much higher than the average investment growth of 22.8 percent among all industries.

Rampant investment is especially serious in townships and county-owned coal mines which account for nearly 40 percent of China's total coal output.

Capacity expansion goes against the government's plan to gradually cut the output of small, inefficient mines, said Guo.

Meanwhile, he said China needs additional coal production capacity of 50 million tons this year, and 500 million tons by 2010 to meet the increasing demand.

But Li Chengyi, the secretary general of Shanxi Coal Industry Association, also warned that if the current over investment continues, a production glut is almost inevitable. The government is making efforts to put the brakes on rapid development in coal-guzzling industries such as cement, steel, and coal-fired power plants, he said.

"It would be a disaster should the industry experience significant excess production," Li said.

China's coal consumption is expected to increase by 6 percent this year to 2.1 billion tons, slower than last year's growth of 12 percent, according to the China Coal Industry Association.



 
  Today's Top News     Top China News
 

China hails bird flu vaccine amid pandemic warning

 

   
 

China, Uzbekistan sign $600m oil agreement

 

   
 

Tsang resigns to run in Hong Kong by-election

 

   
 

EU sets deadline on resolving textile dispute

 

   
 

Shanghai targeting at property bubbles

 

   
 

Chinese shoppers outspend Japanese abroad

 

   
  New vaccines developed to stop bird flu
   
  Toyota to build 3rd plant in Tianjin - report
   
  Standard English for the 2008 Olympic Games
   
  Sichuan fire razes 200 hectares of virgin forest
   
  Child safety cited in call for better toy quality
   
  Olympic champ Liu loses rights litigation
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
珠海市| 子洲县| 贵州省| 阿尔山市| 金阳县| 滨海县| 军事| 武山县| 宿迁市| 渑池县| 喀什市| 土默特左旗| 平山县| 高尔夫| 榕江县| 汤原县| 遂溪县| 顺义区| 沙田区| 长白| 确山县| 洪湖市| 湄潭县| 平遥县| 岳普湖县| 梅州市| 镇坪县| 宝坻区| 浦江县| 双鸭山市| 桃园市| 肇东市| 安岳县| 和硕县| 深泽县| 绿春县| 松溪县| 瑞安市| 嘉善县| 侯马市| 开封县|