From Caixin Global: 2024-05-13 02:49:22

China is relying on imported coal and natural gas to meet its power demands ahead of a hot summer. Coal purchases have increased by 13%, defying predictions, while gas imports have risen by 21% compared to the previous year. This comes as domestic coal production experienced its first quarterly drop since 2020.



Read more at Caixin Global: China Stocks Up on Cheap Gas, Coal Ahead of Another Unusually Hot Summer