Chinese coal imports at highest point since January 2014

Chinese coal imports at highest point since January 2014

Chinese coal imports have risen 14% to a four and a half year high due to higher temperatures boosting demand for coal to power air conditioners.

The General Administration of Customs has said that imports in July had risen by 23.9% from last year to 29.01 million – the highest level since January 2014.

Demand for electricity significantly increased late last month after rising temperatures, which led to some states to report record high demands, which forced them to issue warnings of power shortages.

China’s imports have also been boosted by the country’s curbs on domestic production as Beijing increases check on heavy industry in a bid to clear air pollution.

Despite global climate targets, some of the world’s leading economies including China and Germany have highlighted their dependence on the use of coal, despite pressuring developing nations not to use the commodity that is used to provide cheap and reliable electricity.

 

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