China’s state-owned power grid giant has pledged to increase fixed-asset investment by 40 per cent over the next five years, at a time when some analysts view electricity capacity as a strategic asset in the US-China rivalry amid soaring demand from artificial intelligence (AI) and other power-hungry industries.
The State Grid Corporation of China expects the investment amount to reach 4 trillion yuan (US$574 billion) through 2030, a company record, as it accelerates efforts to build a “new-type…