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China is ramping up coal imports from Russia — but not Australia
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cnbc.comBEIJING — As China tries to resolve its power shortage, the country is also ramping up its coal imports — bringing in three times as much coal from Russia compared to last year, China customs data show.
Reports of power cuts at factories across China intensified in September as local governments struggled to balance rising demand for electricity with efforts to reduce carbon emissions. Initial trade data showed China's imports of coal surged by 76% from a year ago in September to 32.9 million tons.
New customs data out late Tuesday showed that much of the coal came from Russia and Indonesia — not Australia. In 2019, the country had accounted for about 38% of China's imports of thermal coal, the primary fuel for electricity production.
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