What it means for Chinese metal demand from China State Grid's new five-year plan On January 15th, China State Grid announced its fixed-asset investment plan for the 15th five-year plan, with total investment target set at Rmb4tn for 2026-2030. The average annual spending implies a 40% increase versus the prior 14th five-year plan, or a 23% increase versus 2025. According to the announcement, the 15th five-year plan is more focused on energy storage, EV charging piles and UHV, while showing some deceleratio ...