China’s Coal Imports Fall Sharply as Domestic Output and Renewables Rise

China’s coal imports booked a decline last year, at 9.6% from 2024 to a total of 490 million tons. The sizable decline was driven by higher domestic production and a rare decline in thermal power generation, Bloomberg reported, citing official import data. The publication noted that the coal import decline was the steepest among all the major commodities that the country buys from abroad and that it was the sharpest annual decline in a decade. Gas imports declined by 2.8% last year, to a total of 127.87 million tons, Reuters said in a report…