China to ensure stability of coal market

BEIJING: China’s government said on Wednesday that coal production firms should resume normal production and supply, strictly implement the country’s policies on stabilising coal prices.

Local authorities should strengthen supervising and to take measures in order to keep coal prices within a reasonable range, said in a joint statement by the National Development and Reform Commission and the National Energy Administration.

Authorities have summoned some companies with inflated coal prices and demanded them to rectify the issue, according to the statement.