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Chinese energy companies concerned about bankruptcy due to rising coal prices

... provinces in China are already experiencing catastrophic power shortages. Against this background, coal prices began to rise. As noted by Oilprice.com, Chinese energy companies face the real possibility of bankruptcy. Coal accounts for over 50 percent of China's energy balance. The recent squabble with Australia has already made the supply of coal to China a big problem. In fact, an unofficial Australian coal embargo resulted in power outages across China in early 2021. Now, several coal-fired energy groups are ...

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