BEIJING, March 24 China's top planning agency
aims to control the output and import of low quality coal,
according to a statement posted on the its website on Friday,
the first official confirmation China is trying to rein in
supply and reduce domestic overcapacity.
This follows a sharp decline in coal imports in February, as
shipments fell to 12-month-low.
The statement gave no details, but a crackdown on
low-quality imports could potentially reduce imports from
producers such as Indonesia and Mongolia.
Speaking earlier this month on the sidelines of China's
annual parliament meeting, the vice governor of Shanxi province
suggested targeting coal from Indonesia, which accounted for 15
percent of China's total imports last year.
Traders have already reported delays to their coal import
cargoes due to quality control checks by customs.
China's planner, the National Reform and Development
Commission, also repeated a goal to stabilize coal prices, but
said it sees difficulties in balancing the market this year due
to uncertainties in temperature and high demand in some regions.
(Reporting by Meng Meng and Beijing Monitoring Desk; Editing by