Coal City market downturn so that the original taxpayer - coal enterprises, plunged into an unprecedented predicament. This year, Shanxi, Shandong and other local governments have started rescue operations. In addition to coal mutual insurance, taxes reduce coal prices, the Shanxi provincial government recently introduced a 20 coal Deal bailout.

For the Shanxi provincial government 20 coal Deal, China Coking Coal Resources industry analyst Wang Xufeng to the "Daily Economic News (microblogging)," told reporters that the recent implementation of the New Deal 20 goals focused primarily on coal prices stable cash flow suspend fees extraction, reduce government fees for businesses down the negative.

Reporters noted that the Shanxi provincial government's official website recently to hang out "Shanxi Provincial People's Government on the issuance of the province's coal economy to further promote the development of ways to achieve sustainable growth initiatives," which announced 20 measures to deal with the coal market down, including measures for the enterprise reducing the burden, to promote coal sales, and promote market-oriented reforms, improve enterprise management level.

Shanxi Bureau of Statistics data show that from January to May this year, Shanxi coal mining and washing industry price index fell by 17.8%, coal industry profits fell 60%. As of the end of May, most of the coal enterprises in Shanxi coal sales prices have been approaching the cost of production lines, nearly half of the coal enterprises at a loss.

Deal of the coal content of inquiries from reporters found that the Shanxi provincial government measures were included in the short, medium and long-term planning, appropriate measures have clearly defined responsibilities to departments and marked "immediate action." Which states that the recent measures should be implemented within a week, a month put in place.

The New Deal show that from August 1, 2013 to December 31, 2013, Shanxi will suspend the collection of partial withdrawal of funds, reduction in transaction fees. Relevant departments will be according to the law in coal cleaning charges, ban arbitrary charges, and levies, to further standardize enterprise social responsibility. Continue to promote coal joint venture in Shanxi, coal and electricity integration, encourage coal companies and electric power, metallurgy, coking and other key users signed a long association contracts, establish long-term and stable strategic cooperative relations.

Xufeng analysis, which focused primarily on short-term objectives in the stable cash flows of coal enterprises, enterprise down the negative. For the "pause extract two coal capital" A, Xufeng analysis to reporters, said, pausing to extract coal mining enterprise environmental restoration fund and transformation fund will enable coal companies to reduce the monthly cost of $ 15 per ton of coal produced.

In addition to reducing the burden of enterprises above measures, the Shanxi provincial government also proposed to promote financial institutions corporate debt restructuring of the coal. Deal said, "banks and other financial institutions will promote the coal enterprises of the province's debt re-combination, to support the coal enterprises to reduce financing costs, and enhance the financing capacity and repayment ability."

Chen Zhe, said relatively stumble endlessly coal prices, coal prices burdens of government actions are inadequate, far enough to ease pressure on the operation of enterprises. Local government had a more direct but slightly junior and burdens bailout measures have gradually lost their effectiveness. Through the promotion of industrial laws, and industry vertical integration over the angle of the work will be gradually accelerated expansion, where "blood transfusion" the behavior of coal will gradually from the "behind the scenes" to "stage" to accelerate the transformation form.