ABSTRACT
China's railway transportation is also divided into two types, one being the 'wagon within the plan' and the other the 'wagon beyond the plan'. China's coal reserves are concentrated in northern and north-western China, while the majority of coal consumers are located in the developed coastal areas of Southeast China. In 2012, the situation partially changed when China's economic growth slowed down and coal imports increased, leading to an oversupply of domestic coal and a reduction in the price of coal. In China, the coal chemical industry is believed to efficiently process and convert coal, as well as utilise it to its utmost potential. The marketisation reform of China's coal industry only liberates the pricing mechanism without changing the original property relations or property management mode. In face of problems in the coal industry, both central and local governments issued too many administrative policies to intervene in the market.
