Qinhuangdao, home to China’s largest coal port that’s been called an indicator of Asia’s biggest economy, is set for record commodity deliveries over the next three years as urbanization boosts demand for the fuel. Shipments of mainly coal and ores via the port, also a popular resort where the late Chairman Mao Zedong holidayed, may rise by 20 million to 30 million metric tons by 2017, Xing Luzhen, the chairman of Qinhuangdao Port Co. (3369) , said on Aug. 14. Supplies hit a record high of 279 million tons in 2011. Power demand in China, the world’s largest energy consumer, is accelerating as a growing rural population uses more household appliances and as urban residents buy more electric cars, according to Xing. The country depends on coal for 66 percent of its energy, data from the National Energy Administration show. “Qinhuangdao port’s coal business will keep rising together with […]