Investment Policy Of The Coal Industry Research

Energy is one of essential factors which the human being rely on and a lifeline which a country depends on. There will not be modern civilization without energy. As important materials of national economy and social development, energy is the basic supporter for national economy. The harmonious development of economy, energy and environment is an important premise to achieve a country's modernization. Within the proved reserves of energy resources in our country, coal makes up 94%, petroleum accounts for 5.4%, and natural gas amounts to 0.6%. This characteristic ----rich coal, poor oil, little gas----results in the pattern which coal is necessary to production and consumption in our country will exist for a long period of time. Comparing with other petroleum, coal is relatively affluent. Nowadays, coal is the most dependable and the cheapest energy to use spotlessly. In the future, coal will still play an important role in china. The position of the coal among Chinese resources also lead to that coal industry will be an elementary estate in national economy, and to be an important property to build up a comfortably---off society. In our country, coal industry is a major and traditional industry. After the foundation of our country, we have spent a large amount of money on constructing large-scale coal mine, colliery auxiliary project, and form a complete coal industry system, including resources prospecting, construction, production, manufacture of equipment, research and development, education and so on.The development of coal industry devotes greatly to reform and opening and economic development in our country.The contradiction of the system and structure in coal industry is increasingly stressing. The development of coal industry isn't suitable for the construction of the comfortable---off society quite well .In 2003 and 2004 the serious "coal scarcity" is an inevitable outcome which caused by the critical shortage of the basic construction investment and the fixed assets investment in the past coal industry that result in the inadequate productive capacity. At present resources waste is grave, mercerization of coal industry is still at a very low level, the developing vitality is insufficient, the chain of coal industry is short, the unreason ability of economy, resource, environment and safety highlight. All of these phenomena bring us a string of questions: whether Chinese coal can meet the need of economic growth and social improvement, whether we can ensure a...