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China’s waning coal era

Posted on 19 June 2013

A recent report in the People’s Daily that Beijing city will eliminate all large scale coal boilers within the city center by 2015 is another sign of the shifting winds in global commodity and asset markets. The move is certainly a self-interested one on the part of China’s new leaders, who breathe the same filthy air as the proletariat when they leave the carefully filtered confines of their private compound in Zhongnanhai.
But the broader message is clear. As we argued in a previous comment on Commodities: This is Structural, the age of coal-powered and heavy industrial led growth in China is over. Slower, less electricity intensive, and cleaner growth is bad news for bulk commodity producers and shipping stocks. But the winners will also be many………………………………………..Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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