China to intervene in coal prices, coal-producing city Yulin cut coal prices

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China will intervene in high coal prices and will impose severe punishment on those involved in coal speculation after government measures in the past few months have failed to curb the runaway coal prices.

The National Development and Reform Commission (NDRC), China’s top economic planner, said that it held a meeting with key coal miners, the China National Coal Association and the China Electricity Council on Tuesday to study measures to intervene in coal . . .

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