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Chinese energy companies concerned about bankruptcy due to rising coal prices

... 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 asking the Chinese government to raise electricity tariffs. The fact is that Chinese coal-fired power plants, by law, cannot raise prices by more than 10% in the event of an increase in operating costs. Last year, the regulator banned ...

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