China's Coke Industrial and Trade Policy Over 2000–2013: Its Evolution and Effects

This paper systematically discusses the evolution of China's industrial and trade policy regarding coke and the effects of this policy over the past decade, particularly from 2004 to 2013. We found that: (1) due to the impact of China's strict industrial policies, the country's coal and coke industry is still competitive. These policies have also helped the Chinese government achieve its goal of maintaining security and energy conservation. (2) China's coke trade policies did not reduce the volume of coke export. There is also no reliable evidence that strong coke industrial and trade policies have led to the expansion of the spread between the Chinese price and the international price. (3) There is a co-integration relationship between the domestic Chinese coke price and the international coke price, while changes in China's domestic coke price and macroeconomic climate index are both one-way Granger causes of the change in the international coke price.