This photo taken on October 24, 2021 shows coal being loaded on a cargo ship in Jiujiang, in China’s central Jiangxi province.
STR | AFP | Getty Images
BEIJING — As China tries to resolve its power shortage, the country is also ramping up its coal imports — bringing in three times as much coal from Russia compared to last year, China customs data show.
Reports of power cuts at factories across China intensified in September as local governments struggled to balance rising demand for electricity with efforts to reduce carbon emissions. Initial trade data showed China’s imports of coal surged by 76% from a year ago in September to 32.9 million tons.
New customs data out late Tuesday showed that much of the coal came from Russia and Indonesia — not Australia. In 2019, the country had accounted for about 38% of China’s imports of thermal coal, the primary fuel for electricity production.
China’s thermal coal imports surge (2018-2021)
Source: Wind
China imported about 3.7 million tons of thermal coal from Russia in September, according to customs data accessed through Wind Information. That’s up 28% from August and more than 230% higher than a year ago.
The surge is not a one-off. China’s imports of thermal coal from Russia have either doubled or tripled from 2020 levels every month since May. The monthly figures this year also remain well above pre-pandemic levels in 2019.
“This demonstrates that China still needs the global trade system, despite its concerted efforts to reduce its dependence on trade,” said Stephen Olson, senior research fellow at the Hinrich Foundation, a nonprofit organization focused on trade issues.
“It also illustrates the economic costs and dislocations that can be created when trade restrictions are used as a means to apply geopolitical pressure,” he said in an email.
Despite China’s increased need for coal, the customs agency’s data showed imports of thermal coal from Australia remained zero, as they have been since an unofficial ban took place in late 2020.
Australia was once China’s largest source of imported coal. But political tensions between the two countries escalated after Australia supported an investigation into how Beijing handled the coronavirus pandemic.
China imported 3 million tons of thermal coal from Indonesia last month, up 19% from August and a gain of 89% from September 2020, customs data showed.
Read more
As China tries to resolve its power shortage, the country is importing three times as much coal from Russia than last year, China customs data show.
Youre so cool! I dont suppose Ive read something like this before. So good to find any person with some unique thoughts on this subject. realy thank you for beginning this up. this website is one thing that’s needed on the web, somebody with a little originality. useful job for bringing one thing new to the internet!
I’ve learned a number of important things via your post. I would also like to mention that there may be a situation in which you will apply for a loan and never need a co-signer such as a Federal Student Aid Loan. But if you are getting that loan through a traditional financial institution then you need to be made ready to have a co-signer ready to enable you to. The lenders will base any decision on a few components but the most significant will be your credit score. There are some lenders that will additionally look at your work history and determine based on this but in almost all cases it will be based on on your report.
Good day! Do you know if they make any plugins to safeguard against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any suggestions?
whoah this blog is great i love studying your posts. Keep up the great work! You understand, a lot of persons are hunting around for this information, you could help them greatly.
I’ve been absent for some time, but now I remember why I used to love this website. Thanks , I will try and check back more often. How frequently you update your web site?
Hi there! This post could not be written any better! Reading this post reminds me of my old room mate! He always kept talking about this. I will forward this write-up to him. Fairly certain he will have a good read. Thank you for sharing!
Once I initially commented I clicked the -Notify me when new comments are added- checkbox and now every time a remark is added I get four emails with the identical comment. Is there any method you’ll be able to remove me from that service? Thanks!