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Coal slides again in China

Thermal power generation has been the big loser in China, down 3% in the first half of the year compared to the first six months of 2014, said a report by Macquarie Bank.

This was due in part to continued displacement by ‘greener’ sources of energy. Renewables continued to surprise on the upside, with wind-based generation up 16% year-on-year, though from a low base.