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 DEVELOPMENT OF CHINA'S INDUSTRY |
| Coal industry experienced overall integration in 2007 and about 10,000 small coal mines were planned to be closed. Among them 9075 mines with various kinds were actually closed in the first half of the year. The cumulative industrial output value of Chinese large scale coal enterprises was RMB916.448b in 2007, up by 28.06% year-on-year. The growth rate was 4.6% higher than that in 2006 and reached new height since the second half of 2007. |
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| STATUS OF FOREIGN INVESTMENT |
| In 2006, China's coal market operated well, illustrated from the following three aspects: 1. storage of coal stood on a reasonable ground, which represented basic balance of demands and supplies; 2. coal market remained stable, rising slightly; |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| The strong needs of energy resources in Chinese market and the integration trend in Chinese coal industry are attracting more and more foreign investors. At present, it's a mainstream that foreign companies have gradually entered Chinese coal industry. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| The bound rate upon accession of the commodities should be as follows |
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