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China Coal Industry Association: China's coal demand will grow at low rates until 2020 - EastRussia | Far East

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China Coal Industry Association: demand for coal in China until 2020 will grow at a low rate

During the period 2016-2020 years. The demand for coal in China will grow at a low pace, while the leading role of coal in the energy balance of China will not change

China Coal Industry Association: demand for coal in China until 2020 will grow at a low rate
This forecast was made recently by Jiang Zhimin, Vice Chairman of the China Coal Industry Association.

In the next five years, China's coal industry will experience favorable development opportunities. At the same time, she will face a number of challenges, writes Zhenmin jihpao.

According to him, based on the trend of China’s macroeconomic development, during 2016-2020 in the country continuous advancement of industrialization, informatization, urbanization and modernization of agriculture is expected. In this regard, domestic energy demand will continue to grow, while coal will retain its leading position in the country's energy balance.

Jiang Zhimin believes that the development of China's coal industry is constrained by a number of factors: firstly, China is constantly improving the economic structure, due to which the service sector has become the main source of growth of the national economy; Secondly, China is making great efforts to optimize the structure of energy consumption, as a result of which the share of non-fossil energy resources in the country's energy balance is growing.

Jiang Zhimin said that the coal industry will strictly limit the total volume of coal production and eliminate backward production capacity.