Coal industry still feels economic chill  

山西煤稅連續3個月大幅下滑 煤企深陷“寒潮”

由于煤市震蕩，致使中國產煤大省山西的煤炭增值稅連續3個月出現25%以上的深度下滑，煤炭企業深陷市場“寒潮”仍未走出去，將拖累山西工業經濟后期運行。

Taiyuan (CNS) -- Aggregate value added tax (VAT) of Shanxi Province's coal sector hit 3.67 billion yuan in September, down 28.13 percent, according to statistics released by provincial authorities on Monday.

It is the third monthly successive slide for the Shanxi's coal VAT: the industry saw year-on-year decreases of 31.61 percent in August and 25.53 percent in July.

The stored VAT of 356 companies experienced negative growth last month, accounting for 62 percent of the coal firms in the province.

Even though the country's economy is now stable, our province's pillar coal industry will remain sluggish, said Du Feibiao, a local official.