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China: Energy Demand Higher And Higher -It's Fatal

China has entered into a period for the development of heavy industry and chemicals

Dai Yande, China?s Energy Research Institute deputy director said that the energy consumption growth of the country has been 30%-60% higher than the economic growth in recent years, with energy elasticity coefficient reaching 1.6 percent.

Dai said that China has entered into a period for the development of heavy industry and chemicals, in which higher energy consumption is inevitable. China should improve the utilization efficiency of energy, develop and use more renewable energy.