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The National Development and Reform Commission (NDRC), China’s top economic planner, said it plans to set standards that would define price-gouging in the coal sector, in the latest move to crack down on illegal activities and stabilize the coal market. The commission has summoned major coal enterprises to a meeting in Beijing, it will formulate . ....
The National Development and Reform Commission (NDRC) plans to set standards that would define gouging in the coal sector, the latest move to cool surging prices. ....
SOURCE / COMPANIES By GT staff reporters Published: Jan 12, 2021 11:38 AM A machine unloads coal imports at a port in Lianyungang, East China’s Jiangsu Province, on December 3, 2016. Photo: CFP Chinese traders are importing more coal from neighboring countries such as Russia and Mongolia, bringing the security of a healthy supply chain amid the backdrop of global uncertainty and disruption from the epidemic. Fujian Guohang Ocean Shipping (Group) Co has signed an agreement with Russian coal supplier Elga Coal to set up a joint venture to export coking coal to China. The agreement is expected to escalate the imports of Russian coal by 30 million tons, nearly doubling the total Russian export volume of coal to China from 33 million in 2019, Nikkei reported on January 6. ....