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Analysts said that the current coastal coal market was in bullish expectation, and the spot price of Bohai-Rim Steam-Coal jumped sharply, resulting in a simultaneous rise in the comprehensive price. Under the dual effects of the overhaul of Datong-Qinhuangdao Railway and the rising price of coal producing areas, the accumulated stock of the port was less than expected.

And he said: "Both sides need to be pragmatic and realistic and adopt a give-and-take approach. Only in this way, can we get over the thorny issues and reach an agreement."

Analysts from Essence Securities said that companies closely related to economic cycles will play a leading role in sustaining the bullish trend on the A-share market. Companies in sectors like home appliances, automobiles, nonferrous metals, coal and securities are likely to be in demand, they said.

Analysts said such structural reforms could help the country to maintain a more sustainable economic growth in the long run.

Andrew Leung Kwan-yuen. [Photo by Roy Liu/China Daily]