As China tries to resolve its power shortage, the country is importing three times as much coal from Russia than last year, China customs data show.
New customs data out late Tuesday showed that much of the coal came from Russia and Indonesia — not Australia. In 2019, the country hadChina imported about 3.7 million tons of thermal coal from Russia in September, according to customs data accessed through Wind Information. That's up 28% from August and more than 230% higher than a year ago.
The surge is not a one-off. China's imports of thermal coal from Russia have either doubled or tripled from 2020 levels every month since May. The monthly figures this year also remain well above pre-pandemic levels in 2019. "This demonstrates that China still needs the global trade system, despite its concerted efforts to reduce its dependence on trade," said Stephen Olson, senior research fellow at the Hinrich Foundation, a nonprofit organization focused on trade issues.
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