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China Takes the Brakes Off Coal Production to Tackle Power Shortage

China Takes the Brakes Off Coal Production to Tackle Power Shortage

HONG KONG—China is pulling out the stops to ease its worst power crunch in two decades, reversing course on earlier ambitions to curb coal use as it sets new policies to revive production and loosen imports of the electricity-generating fuel.

As winter looms, the nation’s top economic planner this week said it would use “all necessary means” to roll back record-high coal prices, including by using domestic laws that allow the government to limit profit and prices for key goods. It has ordered all coal mines to operate at full capacity even during holidays, issued approvals for new mines and ordered major coal production bases in north and northwestern China to lower prices by 100 yuan a metric ton from Tuesday.

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