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Coal is cheap... at the moment... and China has a backup store of coal it bought from Australia and stockpiled for decades. China can command what ever price
by basicplus2 7y ago
Coal is cheap... at the moment... and
China has a backup store of coal it bought from Australia and stockpiled for decades.
China can command what ever price it likes for its coal if other countries refuse to supply coal to run these new power stations.
China can supply coal for long enough to get them into debt and sell out to China.
So it makes complete sense for china to go off coal.