China Trade Information

Yanzhou Coal, one of China’s top coal producers, announced on Thursday that the company has paid about 30 million yuan of price regulation fund to the local government.

It is part of the price regulation fund payable in 2007, the Shandong-based company said.

According to the local government’s notice, the company’s six coal mines have to pay price regulation fund since August 1, 2007 according to the standard of 8 yuan per ton based on their coal output.

The local government of Jining is not the first government collecting price regulation fund in China. Shanxi province has been collecting it at 30 yuan per ton since 2005.

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