How will China's subsidy reduction for energy consumption affect coal stocks in the US?

Question

How will China's subsidy reduction for energy consumption affect coal stocks in the US?

Answer 1

I do not think it will have a material effect on either the steam or metallurgical markets.  I get your question, but the growing Chinese middle class should buy up the gasoline on the market because we have a nation full of youthful optimism.  The price can be absorbed by the Chinese population without protests in the street.  I have not seen personal income figures; but, I think it is reasonable to assume if more people are moving from the farm to the city that national personal income is expanding. Met coal is exportable from Peabody thru Australia.