Economics

Yingli Plans Hainan Plant Expansion Amid Solar Glut

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China’s power output rose at the slowest pace in more than three years for a non-Lunar New Year holiday month as the nation’s economic growth slowed for a sixth quarter to the weakest pace in three years.

Electricity generation was unchanged in June from a year earlier at 393.4 billion kilowatt-hours, according to data released today by the Beijing-based National Bureau of Statistics. That’s the first time since May 2009 that production hasn’t increased, excluding a contraction in January this year as factories shut for the weeklong holiday.