BEIJING: China pledged to reduce soaring coal prices as it ramps up production to relieve increasing pressure on the country's economy - despite promising to reduce fossil fuel emissions.
The National Development and Reform Commission said on Tuesday it was studying measures to intervene in coal prices, which have risen rapidly and hit record highs. In a separate notice on Tuesday, the NDRC stressed coal mines should aim for more than 12 million tonnes in daily output, with local authorities to ensure production is maximised.
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