Chinese coal mining companies are closing for Lunar New Year , which workers would traditionally work through to meet peak holiday demand, to reduce pressure on the sector which is struggling with an excess supply of coal. Suspending operations over the holiday would ease the pressure, they added. China 's top coal producers, including China Coal Energy Group , the China Datong Coal Group and the China Datong Coal Group , which account for 1.4 percent of domestic output, have signed a miners' declaration to close down production. Although Qinhuangdao is the world's largest consumer of coal, slowing economic growth and a shift from fossil fuels to clean energy sources has created lower demand and resulted in significant overcapacity.
Chinese coal mining companies are closing for Lunar New Year , which workers would traditionally work through to meet peak holiday demand, to reduce pressure on the sector which is struggling with an excess supply of coal. China 's top coal producers, including China Coal Energy Group , the China Datong Coal Group and the China Datong Coal Group , which account for 1.4 percent of domestic output, have signed a miners' declaration to close down production. Although Qinhuangdao is the world's largest consumer of coal, slowing economic growth and a shift from fossil fuels to clean energy sources has created lower demand and resulted in significant overcapacity.