China's state-run utility Guangdong Energy Group expects the country's coal imports to remain at 2023 levels.
Chinese coal imports this year are expected at around the record levels of 2023, according to an executive at China’s state-run utility Guangdong Energy Group. China’s coal imports jumped last year by 62% to a record high of 474.42 million metric tons, driven by high demand, lower-quality domestic coal, and higher domestic prices.
China continues to rely on coal and coal-fired power generation to meet its growing power demand, and despite being the world's top investor in solar and wind capacity, it also plans a lot of new coal-fired electricity capacity. Global coal demand was set to rise by 1.4% in 2023 and surpass a record-high level of 8.5 billion tons for the first time, the International Energy Agency IEA said in an annual report in December.
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