China Restricts Australian Coal Imports Amid ‘Deteriorating Relationship’ Between Canberra and Beijing

By
Asia-Pacific Research, December 16, 2020
9news 14 December 2020
Region: ,
Theme:

China appears to have formally restricted imports of Australian coal in favour of both local production and imports from other suppliers, in a move that threatens the $14 billion export industry.

A Monday report in Chinese state media outlet The Global Times says that China’s “top economic planner” has authorised power plants to import coal without restriction — except from Australia. China’s other suppliers include Mongolia, Indonesia and Russia, and it also produces coal domestically.

The goal is ostensibly to “stabilise coal purchase prices”. China is also looking to cut down on its coal use in the push to reduce carbon emissions in coming decades.

However, Wang Yongzhong, director of the Institute of Energy Economy at the Chinese Academy of Social Sciences, drew attention to the political overtones of the move.

Read full article here.

*

Note to readers: please click the share buttons above or below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

Featured image is from Pxfuel
Articles by:

Disclaimer: The contents of this article are of sole responsibility of the author(s). Asia-Pacific Research will not be responsible for any inaccurate or incorrect statement in this article. Asia-Pacific Research grants permission to cross-post Asia-Pacific Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Asia-Pacific Research article. For publication of Asia-Pacific Research articles in print or other forms including commercial internet sites, contact: [email protected]

www.asia-pacificresearch.com contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]