Flash | 15 Jan 2026 07:39:54 ET │ 14 pages Greater China Electrical Equipment Good News from State Grid with More Than Expected Capex in 15th Five Year Period (2026-30E) CITI'S TAKE State Grid (not listed) has budgeted its capex to reach Rmb4trn in 15th five-year period (2026-30E), which will be c.40% above that of 14th FYP. The key purpose of the capex rise is to facilitate more clean energy uses by developing a new power grid platform. In our conversations with PRC listed power grid equipment makers NARI ...