Despite the global economic downturn, China's economic growth has maintained a strong momentum, benefiting from the government's policies for spurring domestic demand. As an indispensable fuel for economic development, power demand has also been growing rapidly.
Aiming to power up the once highly regulated and monopolistic power industry and support future economic development, the State Council recently approved a long-awaited structural reform plan for the industry. To ensure successful investments in the PRC power industry, it is imperative for foreign investors to obtain a thorough understanding of the relevant PRC governing regulations as well as the trend for the China power industry going forward.
A shut door to state-owned power assets
The China power industry...