The top-line number doesn't accurately explain what's going on in China: they have a bunch of coal plans, but many of them operate at 10% or less of rated capac

The top-line number doesn't accurately explain what's going on in China: they have a bunch of coal plans, but many of them operate at 10% or less of rated capacity, probably out of a combination of "these are peaker and/or worst-case (i.e. American oil embargo) scenario energy security plants" and old-fashioned deficiencies in central planning. In any case, you should measure coal burned instead of capacity installed, which is leveling off: [1] [1]: https://www.statista.com/statistics/265491/chinese-coal-consumption-in-oil-equivalent/ https://www.statista.com/statistics/265491/chinese-coal-cons...