Coal industry will deepen reform

It was coincided with July's sunny days, but the coal enterprise employees did not show a smile. The peak of electricity consumption that should have arrived on time did not have any sound, and the operating conditions of the coal enterprises were unattractive. At the national level and local governments have issued a number of policies to try to ease the revenue plight of coal companies, and the results achieved have been unsatisfactory: the import coal restriction policy has quietly disappeared, and the “double rights” cancellation has not brought benefits to coal companies. , Coal and electricity mutual protection has been sarcastically sarcastic. How can the power of the administrative forces play a role in the coal industry, and can the government's leadership in the development of the coal industry continue?

Researchers in the energy industry pointed out that neither national policies nor local policies can save the coal market and coal enterprises. The influence of administrative forces on the coal industry has almost disappeared. The order model of administrative reform has become an important impediment to the deepening reform of the coal industry, returning to the market, Return to rationality will be the reality that coal companies must face.

At present, the core issue that plagues coal companies and the coal industry is the decline in profitability and losses. It is not a lack of policies and misplaced management. At the government level, the practice of adjusting prices, quantity, and management rights simply fails to grasp the key issues. The lack of demand is the key factor constraining the healthy development of the coal industry: The shrinking of iron and steel, electricity, non-ferrous metal smelting, and petrochemical industries is the direct cause of weak electricity demand, and the economic downturn and lack of growth are the culprits in causing these industries to slump. . If the government really wants to save the coal industry, why not adopt stimulating economic policies to drive the entire macro economy to stabilize?

More importantly, the national level has already made important instructions and will no longer use GDP growth as the only factor in examining the achievements of local governments. To adjust structure and promote development is the fundamental task of the macro economy in the future, even at the expense of some industries. Some of the interests of some companies and some regions also do not hesitate. Similar stimulus measures of RMB 4 trillion will not be introduced in the short term. Local governments and related companies should not hold any illusions. The overall situation of optimizing the industrial structure and enhancing the core competitiveness of the industry must be subordinated.

As an important basic industry of the national economy, deepening the reform of the coal industry is imperative. At the national level, there are many implications behind the lifting of the “double rights”: the interpretation of promoting the marketization process of the coal industry seems reasonable, but the administrative intervention Failure or can truly reflect the government's helplessness. The effectiveness of the policy in the coal industry has been worse than before. A too large plate and too many problems make a single market-oriented reform not solve all the key issues in the industry.

However, there are also polarizations in coal companies, and the bankruptcy of small and medium-sized coal mines abounds, and the pace at which coal giants expand their production capacity has not slowed down. In today's era of backward elimination of production capacity and excess production capacity, the greater the number of outdated production facilities and the greater the elimination of overcapacity, the greater the production capacity. Local governments and coal giants need to give key instructions at the national level if they can indulge in self-inflicted or precipice. The overall production capacity of the coal industry should not be expanded on a large scale, and the development speed and related indicators of the coal industry will gradually be reduced. When the relevant authorities punish coal giants for their “crashes and crimes” behavior is an important entry point for the consolidation of the coal industry.

All along, executive power has played a leading role in the development of the coal industry. Major contract coal, “double rights”, and state-owned coal companies are all stars in the coal industry. Coal mine owners in Shaanxi, Shanxi, and Inner Mongolia can pass the negative news occasionally. Won the eye, the real economic benefits are controlled by state-owned assets. The layout of the coal industry's production capacity is very reasonable, but in the process of implementation, local government and state-owned enterprises can easily expand production capacity. When the state-level policies conflict with the interests of local governments and state-owned enterprises, it is not surprising that the phenomenon of repeated construction and staking of horses and enclosures has occurred.

What is most worrying now is that after the failure of the coal industry in the coal industry, the problem of how the industry develops and how the company develops is even more difficult to solve. In the past, simply relying on the government will help stabilize the industry. Today, most coal companies appear to have saved the government. Policy loses confidence. Measures Taken The coal market remains sluggish, and no measures are taken. The coal market is even more sluggish. Administrative forces have brought the coal industry into a "dead end."

The only way to bring comfort to coal companies is that the development of clean energy, renewable energy and new energy is not satisfactory. The leading position of the coal industry will not be substantially challenged for a long period of time as long as the macro economy can Stabilizing, as long as coal demand can pick up, the coal industry will sooner or later out of the woods. The only thing that coal companies can do now is wait and wait. The harsh winter of the entire industry seems to have just begun.