Comment by Yizahi

There was no coal for generation consumption decline in China, yet. You look at the relative units (percentages), but instead check absolute units. The consumption steadily grew up until 2023 and now it is flat for two years, but it is not yet declining. So all the existing coal generation is running as it were, it's just the new plants maybe aren't constructed. But we are far away from the "deliberately early decommissioning" stage.