www.bloomberg.com
China’s coal imports dropped sharply last year, the steepest decline in a decade, highlighting a major shift in its energy landscape. The drop was driven by two key factors: an abundance of cheaper alternatives, which made domestic production more competitive, and a rare contraction in thermal power generation. This decline stands out among imports of other major commodities. These trends suggest China is moving towards alternative energy sources, challenging the long-held dominance of coal in its power sector and signaling a potential long-term shift in global energy markets.
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