(MENAFN) China's coal yield, which is considered the world's largest coal producer, remained in a deteriorating pace throughout the first three quarters, hence dropping 3.6 percent y-o-y to 3.05 billion tons.
The continuous drop was mainly driven by the all-new clean air and renewable energy policies that has begun to negatively harm the coal industry, as stated by the National Development and Reform Commission.
China brought in 170 million tons of coal in January-October timeframe, reflecting a 29.9 percent plunge y-o-y, and it's worth mentioning that coal accounts for about 66 percent of China's main energy consumption.
Meanwhile, the nation's coal industry has been cooling due to weaker demand in a softening economy, let alone its hard efforts to bring its share of non-fossil energy to 15 percent by 2020 and 20 percent by 2030.
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