China Signals Coal-Capacity Cut Equal to 7.5% of Output in 2015
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China says it’s reining in coal production as the country tries to curb the pollution choking the nation’s cities and eliminate so-called “zombie” companies in the struggling industry.
Coal output capacity will fall by 280 million tons this year, National Development and Reform Commission Chairman Xu Shaoshi said at the World Economic Forum in Tianjin on Sunday. That’s equal to about 7.5 percent of the 3.75 billion tons that BP Plc says the country produced in 2015.