Growth in demand for energy supplies is expected to slow in 2005, officials from state oil and power companies have forecast. Liu Zhenya, general manager of China's State Grid Corporation, which supplies electricity to two-thirds of the country, said he expected consumption to grow by 12% year-on-year, down from a growth rate of 15% in the first 11 months of 2004. He said the expected slow-down would reflect the impact of government efforts to cool the economy and curb the growth of energy intensive industries.
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