China's output of electric power and steel fell for the first time in decades in 2015, while coal production dropped for a second year in a row, illustrating how a slowing economy and shift to consumer-led growth is hurting industrial consumers.
China's economy grew at its weakest pace in a quarter of a century in 2015 and efforts to restructure have not only slashed demand but also exposed massive overcapacity in industrial sectors such as coal, steel and power.
Only crude oil escaped the downturn, with refinery throughput hitting a new record in December and rising 3.8% to 10.44 million barrels per day in the year, data from the National Bureau of Statistics showed on Tuesday.
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China's economy grew at its weakest pace in a quarter of a century in 2015 and efforts to restructure have not only slashed demand but also exposed massive overcapacity in industrial sectors such as coal, steel and power.
Only crude oil escaped the downturn, with refinery throughput hitting a new record in December and rising 3.8% to 10.44 million barrels per day in the year, data from the National Bureau of Statistics showed on Tuesday.
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