Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
China's coal imports grow 34 percent in 2007
Adjust font size:

On strong domestic demand, China's coal imports rose 34 percent to 51.02 million tons last year, according to customs statistics.

Exports totaled 53.17 million tons, meaning that net exports shrank to 2.15 million tons from 82.9 million tons in 2003.

The country once became a net importer in the first quarter of last year, according to customs data.

The customs attributed this to a decline in domestic supply after the closure of many illegal and insecure collieries.

Imports were also boosted by the scrapping of the import tariffs on June 1.

Coal makes up nearly 70 percent of China's nonrenewable resources. To fuel the robust economic growth, coal production more than doubled from 998 million tons in 2000 to 2.38 billion tons in 2006 and investment in the coal industry have been rising at an annual rate of 50 percent in recent years.

The country no longer approves coal mines with an annual production capacity of less than 300,000 tons and closed some 10,000 small coal mines by the end of 2007.

The government abolished tax rebates on coal exports and imposed export tariffs while cutting import duties in 2006.

(Xinhua News Agency January 19, 2008)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- All eyes on China Coal's float on Shanghai market
- Coal imports rise on economy
- Coal mine accident fatalities down 20.2% in 2007
Most Viewed >>
-January CPI expected to rise 6.5%
-Lucrative Yuanmingyuan duplication scheme
-Lenovo to sell mobile unit for US$100m
-Tight monetary policy must not be eased
-Emergency coal shipped to power plants in S China

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号