中国新型电力系统将推动中国电力设备资本开支增长-China's Emerging Frontiers-New Power System to Fuel China's Power Equipment Capex

March 20, 2026 07:26 PM GMT China's Emerging Frontiers New Power System to Fuel China's Power Equipment Capex We expect Chinese power grid equipment suppliers to benefit broadly from China's accelerated power infrastructure spending during 2026-30. Key Takeaways We reiterate Sieyuan Electric as our preferred play: We cite: 1) ongoing market share gain in China via its diversified product portfolio, 2) strong overseas order growth outlook amid ongoing global market penetration and transformer supply tightnes ...