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The Slow Evolution of China's Coal Behemoth

Aug 4, 2016 | 09:16 GMT
The Slow Evolution of China's Coal Behemoth
A worker clears a conveyor belt at a coal mine in Datong, in China's Shanxi province. Low coal prices and high debt have left many Chinese coal companies teetering on the edge of bankruptcy.
(GREG BAKER/AFP/Getty Images)

Market forces favor the central government's push for consolidation in the sector, but local resistance will slow it....

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