It's not so much about the language as the tools and libraries. The available libraries and compilers for C are much older than for newer languages. You might think this would make them slower, but au contraire.
These libraries were written at a time when processing power and memory were at a premium. They had to be written very efficiently in order to work at all. Developers of C compilers have also had a long time to work in all sorts of clever optimizations for different processors. C's maturity and wide adoption makes for a signficant advantage over other languages of the same age. It also gives C a speed advantage over newer tools that don't emphasize raw performance as much as C had to.
