Sorry, but Chinese supply-side reforms may not actually have any impact on output or prices

You may remember that China is now apparently focused on so-called ‘supply-side’ reforms, a hodgepodge of market-orientated reforms focused on over-capacity and now handily grouped under one term.

You may also remember as part of that China said in April that it “will reduce the number of statutory working days for its coal miners to 276 a year from 330 as it bids to tackle a chronic supply glut that has sapped prices.”

And this is just a very good two pars on that from Macquarie:

Continue reading: Sorry, but Chinese supply-side reforms may not actually have any impact on output or prices

You may remember that China is now apparently focused on so-called ‘supply-side’ reforms, a hodgepodge of market-orientated reforms focused on over-capacity and now handily grouped under one term.

You may also remember as part of that China said in April that it “will reduce the number of statutory working days for its coal miners to 276 a year from 330 as it bids to tackle a chronic supply glut that has sapped prices.”

And this is just a very good two pars on that from Macquarie:

Continue reading: Sorry, but Chinese supply-side reforms may not actually have any impact on output or prices