Rise of China’s Xinjiang as coal hub undercuts climate goals

Quick Summary:

China is by far the world’s biggest producer and consumer of coal, and its other major mining hubs include Shanxi and Inner Mongolia, which each contribute over 1 billion tons a year, and Shaanxi, where output has increased to over 700 million tons.

President-elect Donald Trump’s pick for the top trade position sees China as a “generational challenge” to the US and has advocated for a strategic decoupling from the country.

About 80% of Xinjiang’s coal is used locally, with the rest exported to nearby provinces like Qinghai, Gansu and Ningxia, Citigroup’s analysts including Jack Shang said in a note earlier this week.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaBangladeshChinaMongolia

Topics: Xi jinping China coal China China Three Gorges Renewables Group Co Xinjiang

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 10:04:13 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 754 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23937424

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