China seeks to quell power crunch fears, as coal prices soar, winter nears

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By Gabriel Crossley and Shivani Singh SHENYANG, China (Reuters) -China on Wednesday demanded railway companies and local authorities raise their game in shipping vital coal supplies to utilities, as regions key to the world’s no. 2 economy grapple with power cuts that have crippled industrial output. The order, handed down from China’s powerful state planner, comes after a collision of tight coal supplies, tougher emissions standards and strong manufacturing demand has pushed the price of coal, the biggest source of China’s electricity…

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