Friday 11 December 2015

Hard economic lessons as China's coal boom ends


THE PITS
Hard economic lessons as China's coal boom ends Datong, China (AFP) Dec 9, 2015 - Coated in thick black dust, hundreds of miners emerge after another shift gouging out the coal that fuelled China's boom and its choking pollution - an industry now crippled by oversupply, but whose companies are seen as too big to fail. The Tongmei Group they work for deep underground is typical of the lumbering and inefficient state-owned firms that dominate cities in China's industrial h ... more

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