China cuts coal production capacity

Lower target: A worker loading coal on a truck at a depot near a coal mine on the outskirts of Jixi, in Heilongjiang province. About 95 million tonnes of coal capacity had been cut by the end of July, or 38 of the annual target of 250 million tonnes, the NDRC said last month. – Reuters

Beijing also seeks to ease production controls on selected miners to cool prices

BEIJING: China is plowing ahead with its year-end targets for cutting unneeded coal production capacity while also seeking to ease production controls on selected miners to cool rising prices.