Prosperity of the industry, market-oriented transactions promote survival of the fittest行业景气度向好，市场化交

According to data from GlobalCoalPlantTracker 1, the main indicators of installed capacity growth for coal-fired power plants in 2019 -- including capacity started, approved and pre-developed -- fell for the fourth consecutive year. As the climate problem, as well as the media, investors face in new coal power plant is still more adverse business environment, including more than 126 global influence Banks and insurance companies to expand their investment restrictions, and 27 to 33 countries and the local government has promised to phase out coal and accelerate to make the transition to clean energy. Despite a decline in the construction of coal-fired power plants, the installed capacity of coal-fired power plants grew faster in 2019 than in 2018. The main reason for the increase is that China's coal power capacity is still increasing due to the oversupply of permits from 2014 to 2016. With the exception of China, the world's coal-fired power plants have been decommissioned more than they have been put into operation, so coal-fired capacity has shrunk for the second year in a row. Globally, coal-fired power generation fell 3 percent in 2019 from 2018, while the average utilization rate of coal-fired power plants worldwide is now only 51 percent, a record low. China's central government imposed restrictions on new coal-fired power plant plans and permits in 2016. And 2019 is the first year that capacity under early-stage development has increased since the ban. The growth comes as the Chinese power industry continues to push ahead with capacity targets in the next five years to make room for 200 new coal-fired generating units by 2025. Meanwhile, China is still adding more coal-fired power plants than it needs. According to analysis by the global energy monitor, 40 per cent of installed coal-fired power plants that come on stream in 2019 have been downgraded to restricted emergency backup power.