Operation monitoring data issued by the National Development and Reform Commission (NDRC) on March 30 shows that in January and February, China's domestic output of crude oil was 30.27 million tons, down 1.7 percent year-on-year. Imports of crude oil were 24.55 million tons, down 13 percent year-on-year. In the same period last year, imports had increased by 9.5 percent year-on-year.
In January and February, the amount of processed crude oil and the outputs of gasoline and diesel slowed down to varying degrees. Officials at the NDRC claimed that this was mainly because recently domestic demand for product oil was not strong and the inventories of oil products of major manufacturers have increased to historically high levels. Enterprises are trying to guarantee safe and steady production by adopting measures such as limiting the output of oil fields, reducing the level of processing and enhancing sales promotions.
China's domestic natural gas output was 14.2 billion cubic meters, up 5.1 percent year-on-year; and its growth rate had decreased by 15.2 percent year-on-year. Domestic output of raw coal was 369 million tons, up 3.6 percent year-on-year; and its growth rate had decreased by 9.8 percentage point’s year-on-year.
In January and February, China's power generation was 488.3 billion kilowatt hours, down 3.7 percent year-on-year. In the same period last year, it had increased 11.3 percent year-on-year. Industrial power consumption decreased 10.4 percent year-on-year, compared with an 11.2 percent growth during the same period last year.
In January and February, the power consumption of the steel industry, the non-ferrous metal metallurgy and processing industry, the building materials industry and the chemical engineering industry were down 8.7 percent, 16.8 percent, 2.6 percent and 15.3 percent, respectively. During the same period last year, the power consumption of these industries grew 9.6 percent, 13.5 percent, 9 percent and 8.7 percent year-on-year, respectively. The power consumption of these four industries during the first two months of 2009 accounted for 44.5 percent of total industrial power consumption, down 0.7 percent year-on-year.
By People's Daily Online
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