China orders immediate jump in coal output to fight power crunch

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BEIJING/SINGAPORE (Reuters) – Chinese officials have ordered the country’s two top coal regions to act immediately to expand their annual production capacity by more than 160 million tonnes as China battles its worst power crunch and coal shortage in years. The authorities face prices at record highs and electricity shortages that have prompted power rationing across the country, crippling industrial output. Shanxi, China’s biggest coal-producing region, ordered its 98 coal mines to raise their annual output capacity by 55.3 million tonnes over the remainder of the year, an official from the p…

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