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China Faces Power Shortage Due to Lack of Coal: Daily

CHINA PRESS

Chinese provinces including Zhejiang and Hunan are restricting power usage due to a lack of coal as yearend production safety protocols, environmental restrictions and slowing imports crimped demand, the Securities Daily reported citing businesses interviewed. MNI noted that thermal coal prices are surging in China after authorities began to restrict imports from Australia, the world's largest supplier, as bilateral tensions continue to rise this year.

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