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Shanxi invests less in coal industry in Q1

( chinadaily.com.cn )

Updated: 2015-05-11

Shanxi's investment in coal industry continued to decline in the first quarter of 2015.

In the first three months, the province's investments in the coal industry dropped 15.5 percent lower than the same period last year, while coal's share of the industrial investment decreased to 22.2 percent.

On the other hand, the non-coal industry attracted more investment this quarter. The non-coal industry has completed investment of 34.26 billion yuan ($5.52 billion) from Jan to March, growing 16 percent over the past year.

Shanxi's coal and related industries used to be the main destinations of investment before the "golden age" of coal industry ended in 2012.

The province's economic restructuring has led more capital to flows to non-coal industry. After the coal resources integration, investment withdrew from coal towards non-coal industries such as agriculture and tourism, according to coal industry experts.

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