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China's coal demand to peak in 2020: expert

2014-03-04 15:30 Xinhua Web Editor: qindexing

China's coal demand will peak in 2020 at about 4.7 billion tonnes, forecast Li Ruifeng, general manager of the Coal Industry Planning and Design Research Institute on Tuesday.

China's coal demand will grow by an average of 3.9 percent annually before 2020 and then decrease by about 0.43 percent annually, Li said.

He predicted that annual coal demand would drop to 4.56 billion tonnes in 2030.

Li advised coal producers to adjust investment strategies to cope with decreases in coal demand after 2020.

China's coal consumption witnessed a slower growth of 2.6 percent year on year to 3.61 billion tonnes in 2013, according to the China National Coal Association.

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