BEIJING, Sept. 2 (Xinhua) -- China's supply of coal
largely managed to meet domestic demand in the first half of this year, sources
with the National Reform and Development Commission said on Sunday.
The top economic planning agency estimated between
January and June, 1.26 billion tons of coal were produced nationwide, a growth
of 10.1 percent over last year. The growth rate in the first half year was 2.5
percentage points higher than the growth of entire last year.
The total included 1.08 billion tons of raw coal by
major enterprises, up 11.4 percent.
Thanks to state policy for restricting coal export
and encouraging import as well as appreciation of Renminbi, China turned from a
net exporter to a net importer of strategic resources in the first half-year.
In the six-month period, China imported 27.07 million
tons of coal, up 47.6 percent, and exported 23.12 million tons, down 27.9
percent.
The net imports stood at 3.95 million tons, as
against a net export volume of 13.74 million tons for the same period of last
year. This increased the total coal supply by 17.69 million tons.
In terms of demand, fixed-asset investment kept
rising and major coal-consuming products had their output grow rapidly in the
first six months.
From January to June, the economic planning agency
estimated, approximately 1.263 billion tons of coal were consumed nationwide, up
12.2 percent. The growth rate was two percentage points higher than that for the
whole of last year.