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Olympics Negatively Affecting Chinese Coal Market

The Beijing Olympics will have negative impact on the Chinese coal market, said Market, a newspaper under the ownership of the People’s Daily on June 27. Supplies of coal will likely decrease due to pressure from the international community on human rights and air quality in China. The authorities are expected to shut down mines to reduce accidents. Coal trucks will either be turned away or re-directed at check points leading to Beijing. For example, the Hebei provincial government has banned cargo trucks from entering into Beijing between July 1 and September 20.

Source: Market, June 27, 2008
http://paper.people.com.cn/scb/html/2008-06/27/content_48326.htm