日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

  Home>News Center>China
       
 

Experts call for cooling down investment in coal sector
(Xinhua)
Updated: 2005-05-26 18:31

Chinese experts have called for cooling down investment in the coal sector to avoid prices tumbling, although the country faces chronic power crunch and stretched coal supply.

"The investment in coal mines is overheating. The spending spree should be cooled down," said Guo Yuntao, director of China Coal Industry Development Research Center, at the China Energy Strategy Higher Level Forum at the eighth China Beijing International High- Tech Expo on Wednesday.

The Beijing-based English-language daily newspaper China Daily Thursday said the warning came as many coal mines and investors are pouring billions into expanding collieries and build new pits.

Investors are gambling on the longevity of strong coal prices, which have increased more than 50 percent in the past two years, the report said.

The fixed-asset investment in the coal sector surged over 86 percent year-on-year in the first quarter to 7.6 billion yuan (918 million US dollars). The figure is much higher than the average investment growth of 22.8 percent among all industries.

Rampant investment is especially serious in townships and county-owned coal mines which account for nearly 40 percent of China's total coal output.

Capacity expansion goes against the government's plan to gradually cut the output of small, inefficient mines, said Guo.

Meanwhile, he said China needs additional coal production capacity of 50 million tons this year, and 500 million tons by 2010 to meet the increasing demand.

But Li Chengyi, the secretary general of Shanxi Coal Industry Association, also warned that if the current over investment continues, a production glut is almost inevitable. The government is making efforts to put the brakes on rapid development in coal-guzzling industries such as cement, steel, and coal-fired power plants, he said.

"It would be a disaster should the industry experience significant excess production," Li said.

China's coal consumption is expected to increase by 6 percent this year to 2.1 billion tons, slower than last year's growth of 12 percent, according to the China Coal Industry Association.



 
  Today's Top News     Top China News
 

China hails bird flu vaccine amid pandemic warning

 

   
 

China, Uzbekistan sign $600m oil agreement

 

   
 

Tsang resigns to run in Hong Kong by-election

 

   
 

EU sets deadline on resolving textile dispute

 

   
 

Shanghai targeting at property bubbles

 

   
 

Chinese shoppers outspend Japanese abroad

 

   
  New vaccines developed to stop bird flu
   
  Toyota to build 3rd plant in Tianjin - report
   
  Standard English for the 2008 Olympic Games
   
  Sichuan fire razes 200 hectares of virgin forest
   
  Child safety cited in call for better toy quality
   
  Olympic champ Liu loses rights litigation
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 天天看片天天a免费观看 | 亚洲奇米 | 国产成在线观看免费视频 | 欧美a区| 久草青青在线视频 | 欧美精品一区二区三区蜜桃视频 | 天天擦天天干 | www.色婷婷 | 热久热| 热久久亚洲 | 四虎精品8848ys一区二区 | 国产精品视频在线播放 | 尤物视频在线观看 | 日本粉嫩一区二区三区视频 | av免费在线免费观看 | 无限资源动漫精彩日本 | 综合九九 | 国产一级影视 | 成人免费视频在线观看 | 国产美女被爽到高潮免费A片小说 | 性夜影院爽黄a爽在线看香蕉 | 亚洲一区二区三区在线看 | 国产黄在线观看免费观看软件视频 | 日本美女一区二区 | 久久精品免费视频观看 | 色狠狠色狠狠综合天天 | 日本啪视频 | 国产激情视频 | 女人一级毛片免费视频观看 | 成人18免费网站在线观看 | 狠狠干综合 | 香港论理午夜电影网 | 亚洲第一视频网站 | 亚洲精品一区二区 | 国产熟妇另类久久久久XYZ | 91在线视频免费观看 | 久久综合五月开心婷婷深深爱 | 日本精品久久久久久久久免费 | 网红和老师啪啪对白清晰 | 亚洲日本人成中文字幕 | 久草成人在线 |