China will soon issue new regulations to put the brakes on increasing investment in the coal-chemicals industry which has been attracting interest amid soaring oil prices, state media has reported.
“Investment in coal-chemicals projects in China has shown signs of overheating — many proposed plants will face great risk in terms of both technical feasibility and [...]

China has raised the capital threshold for projects converting coal to liquid fuel to brake a possible overheating in the coal-chemical industry, as excessive development of the fossil fuel pollutes the environment and strains the water supply.
On July 7, the National Development and Reform Commission (NDRC), China’s industrial watchdog, issued a circular requiring local governments [...]