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China to invest nearly $900 billion in power grids: state media

Published 10/10/2020, 06:54 AM
Updated 10/10/2020, 06:55 AM
© Reuters.

© Reuters.

BEIJING (Reuters) - China will invest close to $900 billion in the next five years to help further develop the country's power grids, the official Xinhua News Agency reported on Saturday.

Investments in power grids and related industries are expected to exceed 6 trillion yuan ($896 billion) in 2021-2025, Xinhua reported, citing Mao Weiming, chairman of the State Grid Corp of China, the country's biggest power utility.  

The investments will centre on areas such as ultra high voltage power transmission, electric vehicle chargers and new digital infrastructure, Mao said.  

($1 = 6.6933 Chinese yuan renminbi)

 

Latest comments

China: Following "The Leader" (USA) into environmental oblivion.
China is doing the right thing by investing in their infra during bad times. Once infra is up, they will propel to greater heights when economy picks up
China will have the most powerful economy in last 5 years even better than U.S if trump win the election,so It would great to invest in china as much as possible instead of investing in U.S
Your going to invest in a place that won’t tell you the real numbers cause they are a state secret. You’ll be financing the Chinese military.
This is smart investment...investing in their infrastructure. No wonder, no other country can compete with China. They have the best infrastructure.
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