China has moved in recent weeks to squash the surge in coal prices with government intervention Chinese Vice-Premier Han Zheng: The crisis is easing, and the government efforts to secure supply and halt the coal price surge have “achieved initial results,” The energy crisis in China, which resulted in blackouts in September and October, is now easing, top government officials say, adding that more work must be done to ensure power and heating supply through the winter. The soaring coal prices and the energy crisis hit China in the third quarter and continued into the beginning of the fourth quarter. In September, the world’s second-largest economy restricted power use in at least 20 regions and provinces that contribute more than half to the Chinese economy. Surging coal prices and power shortages in China slowed the growth of its economy in the third quarter and are now threatening to spill […]