China's grids power up

Overview

As China’s GDP growth rate falls, attention is focusing on how policymakers can cushion the decline while raising industrial competitiveness for a post-downturn world. Increased infrastructure spending looms large here, since in addition to providing a short-term stimulus, it serves the longer-term requirement of strengthening the economy through expansion and modernisation of both industry and households. The power grid is in clear need of significant improvement and is able to absorb...