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Coals to China


Despite possessing 13 per cent of known extractable world coal resources (compared with 1 per cent for oil and gas), China became a net importer of coal in January 2007 due to domestic price liberalisation and the removal of an export tax break. Though coal's share in the overall energy mix is falling from 69 per cent early in this decade, it is still forecast to account for 61 per cent in 2020. Demand will increase as industrial growth and private and municipal power consumption...

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