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“Coal boss basically no debt, all cash transactions, the prosperity of the past few years had earned enough”
Gujiao, China’s largest production base of coking coal, coal to make this area the most affluent county-level city in Shanxi Province, the city is almost as remarkable as all the coal on.
This is also a city of wealth accumulation. It was at this permanent population of only 20 million per, plus more than 30 million mobile population of only a small town, open data show that there were 40 billionaires, more than all the wealth, because the coal from.
Today, the city will have to spend an unusual “dormant period.”
Coal City, the economic crisis
From Taiyuan to the ancient cross, to turn the sun, the locals used to call a “mountain.” Because high-speed road is still not repair pass, this chuanshan and became a main road off the highway.
“Money Weekly” reporter’s visit to Cuba had to pay this spring, that time, winding road then pull the coal carts before and after the end of even the growth of lung, due to a car accident, the reporter had blocked the road 8 hours. Today, the road has been seen pulling carts of coal, leaving only damaged by large trucks bumpy road from time to time, it seems that a reminder of once busy.
Owner of a coal washery Tian told reporters, “a recent road go particularly well.”
December 17, the reporter jumped from the buses, the bright sun shining on the old cross-town, urban mountain winding distribution, along the upper reaches of Fen River cities, the river junction with, or thin or thick ice .
“This year, even winter river water, in previous years are dry.” Taxi driver Zhang master told the “financial weekly” Reporter. “Mine are stopped, the air of course, better. Previously here are disgusting.”
Gold Shanxi Coking Group Co., Ltd. is a local Gujiao the largest private coal company, and its boss Zhang Xinmin, coal is not only the largest local employer, but also a whole number of were on the Shanxi coal bosses, with more than 70 billion in assets and employs more than 4,000 employees . Gold office on the third floor in the East music market, the reporter to visit, apart from the cooks, the other managers have gone to the next plant. Cook a reporter inquired the coal business, a forced smile said: “Now where there is business to do, mine is closed, and yard is not turning.”
Gold Group’s first coking, the second village of coking are soaring. A local person, including the recent closure of a coking plant shutdown, there are thousands of workers being laid off, leaving another is the current remaining Gujiao coking plant. The plant because when the methanol project technology upgrades, part of circular economy demonstration projects before they can be retained.
“Coal Mine were closed were almost the same. Coking