Chinese Coal Companies Push for Reforms to Cut Losses

Chinese Coal Companies Push for Reforms to Cut Losses   YouTube

It’s been a pretty brutal winter for China’s coal industry. Prices have fallen over the past two years due to a supply glut.  Local governments have already taken some measures to help coal companies. Coal is still playing a crucial role in energy sector in short term. But to avoid the impact of over-capacity in the long run, they must speed up reforms to reduce losses. Industry experts say, coal firms must diversify their product chain including and focus on coal power plants and chemical products. The firms are trying to push reforms to sustain in these difficult times. CCTV’s We Lei has more details.