China State Grid Corporation heading down under
It didn’t take long for Liu Zhenya, general manager of State Grid Corp., to make good on a pledge to grow the Chinese power giant’s overseas assets. Two weeks ago, Mr. Liu was telling reporters attending the Communist Party Congress in Beijing that State Grid’s ambition is to nearly quadruple its overseas assets by 2020 to as much as US$50 billion. Healthy returns from past deals are emboldening management ...
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