China Mulls Price Caps on Coal in Campaign to Tame Inflation
Bloomberg with help by Jason Rogers, Winnie Zhu, and Dan Murtaugh
China’s efforts to control raw materials costs could include price limits on its runaway coal market, underscoring the government’s tough stance on taming inflation.
Beijing is considering imposing a cap on the price of thermal coal as it struggles to contain stubbornly high energy costs ahead of peak demand over the summer. The move would be the latest in a largely successful campaign across commodities that began in April to prevent inflationary pressures harming the economy.
One idea under discussion for coal is to limit the price at which miners sell, according to people familiar with the plan, who declined to be named because the matter isn’t public…Full Story