Monday, March 14, 2022

           BLOOMBERG : CHINA ANNOUNCES RED NEW DEAL

                                                            FORWARD, COMRADES !

THE COAL STOCKPILE OF A TRILLION POUNDS BEGINS WITH A SINGLE LUMP!


 China Seeks to Cut Reliance on Coal Imports With Mining Boom 

  • NDRC aims to increase output capacity by 300 million tons
  • Country sets target of 620 million tons of coal reserves

China plans a massive increase in coal mining, a move that will dramatically reduce its reliance on imports and deal a blow to its near-term climate actions. 

The National Development and Reform Commission, the nation’s top economic planner, told officials from major mining regions at a meeting late last week that it wants to boost domestic production capacity by about 300 million tons, according to people familiar with the matter. It also plans to build a 620 million-ton stockpile of the fuel split between government, miners and users.