China’s Coal Output Hits Record High Even as Coal-Fired Power Declines
Market Intelligence Analysis
AI-PoweredChina's coal output reached a record high of 4.83 billion tons in 2023, despite a decline in coal-fired power generation, driven by a 1.2% annual increase.
Market impact analysis based on neutral sentiment with 75% confidence.
Article Context
Coal production in China hit an all-time high last year despite a decline in coal-fired generation. At an annual 1.2%, the increase translated into a total of 4.83 billion tons, Bloomberg reported today, citing official statistical data. The annual increase in coal output came despite efforts by the government to curb oversupply that affected production during the second quarter of the year. Natural gas production also hit an all-time high as it continued an upward curve spanning three decades, and crude oil production also surged. Interestingly,…
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