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China scrambles to boost coal as winter looms, fuel demand peaks

It has to relax output controls or face higher fuel costs, say analysts

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Output fell more than 10 per cent in the first eight months of this year, pushing up domestic prices and helping imports, including coking coal used to make steel, rise to the highest since December 2014.

Shanghai

CHINA'S efforts to shrink its bloated coal industry may have worked too well, too fast.

Prices have surged more than 50 per cent this year after the government ordered miners to cut output to ease a glut and help lift the industry out of crisis. Now, as winter looms and