Since 2013, the domestic coal industry has been in a slump, with many coal companies facing the困境 of losses and bankruptcy.

In the face of the downturn in the coal industry and the mass closures of coal enterprises, China has implemented various rescue policies. The Inner Mongolia Economic and Information Commission plans to establish a coal sales linkage mechanism in the eastern region, aimed at actively responding to the downward pressure on the coal market, strengthening industry self-discipline, regulating sales practices, and ensuring an orderly and effective supply of coal. Meanwhile, it has been reported in Shanxi Province that 17 additional coal rescue policies will be introduced in the near future, primarily involving the market-oriented reform of coal operations across the province.

From the policies rolled out across various regions, the basic approach to rescue the market remains limited price support: through contractual pricing, regional joint guarantee pricing, restricting coal production, and accelerating the mergers and restructuring of coal mines, aiming to prop up the market artificially. However, from the perspective of implementation effects, the coal industry in Shanxi Province, despite undergoing such prolonged regulation, has yet to break free from its困境. As a result, further coal market rescue policies have had to be introduced. This indicates that it is challenging to fundamentally resolve the issues within the coal industry through强硬 intervention in the market.

Therefore, the approach to the coal industry's rescue policies must shift. Since 2013, a combination of factors such as a decline in the growth rate of market demand, excessive capacity construction, expanded influence of imported coal, and heavy tax and fee burdens along with historical liabilities for coal enterprises, has led to a significant drop in the economic benefits of the coal industry in China, as well as an increase in the number of loss-making companies.

According to the "2015-2020 China Coal Industry Development Prospects and Investment Strategy Planning Analysis Report" released by the Forward-looking Industry Research Institute, the analysis shows that in 2013, despite a 323% decline in sales revenue and a 3334% decrease in total profits, the total financial expenses of China's large-scale coal enterprises reached 77 billion yuan, a surge of 23.21% from the previous year. This accounted for 32.51% of the industry's total profits and was 1.68 times the total losses of the industry's loss-making enterprises.