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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (43169)12/13/2003 9:51:24 PM
From: RealMuLan  Read Replies (1) of 74559
 
>><<coal>> ... I am told that one reason China decided to stop its coal export is because apparently the Japanese had been importing the coal, but unlike Philippines which uses it to generate power, Japan simply dumps it somewhere and hoard it for use later. I cannot be certain of the validity of this claim.<<

Yeah, I heard that some corrupted high ranking Chinese officials (like Bo Yi Bo's son) sold a lot of best coal produced in DaTong, ShanXi Province, to Japan at a below-market price, and Japan buries them in their coastal areas.
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