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China's coal industry likely to pick up in Q4 on rising demand, institution

2015-09-28 21:38

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China's coal industry is likely to pick up in the fourth quarter on rising demand after undergoing downward pressure for 40 consecutive months, according to a report from Changjiang Securities.

Fiscal reports showed that 14 out of 31 listed coal companies were mired in losses during the first half of 2015, accounting for 44 percent of the total.

However, Changjiang Securities noted that despite that it was still difficult for coal industry to generate profits in the short term, it was expected to pick up on rising demand with the central bank's interest rate cut, reserve requirement ratio (RRR) cut, the positive fiscal policies and the improvement of property sales.

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