China's coal production restrictions is a 'Stealth' bailout

Last Modified: Fri Oct 21 2016 17:59:09 GMT+0530 (India Standard Time)
  • $444 billion
    (3 trillion yuan) debt held by China’s coal industry mostly on account of investments in new mines.
  • 10.5%
    drop in coal production during the first nine months of this year. Under govt. orders. output lowered from 330 days to 276 days of production to help alleviate a glut. Lower supply has meant prices have increased.
  • $17 billion
    gain in Q4 as per Goldman Sachs analysts forecasts as a result of the price increases. This is a swing from losses of $15 billion during the first two quarters of the year.
  • 2020
    year by which the industry's debt will be paid off, provided the coal production restrictions remain.