Mar 20, 2025 - 2:57 AM
MNI BRIEF: China Grid Investment Up During Jan Feb
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MNI (BEIJING) - China’s investment in power grid projects totalled CNY43.6 billion during January and February, up 33.5% y/y, data from the National Energy Administration showed on Thursday.
By the end of February, the nation’s cumulative installed power generation capacity nationwide reached 3.4 billion kilowatts, an increase of 14.5% y/y, with solar and wind power capacity up 42.9% and 17.6% y/y.
Beijing’s moves to boost domestic demand and market expectations for output cuts should keep steel rebar futures at around CNY3,150-3,400 a tonne over the next few months, local analysts told MNI. (See MNI: China Stimulus To Support Steel Futures Until Peak Season)
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