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China to invest 50 bln yuan to upgrade power grid to ease shortage - report.
(From Xinhua Financial News - China Focus)
BEIJING (XFN) - China will invest 50 bln yuan to upgrade its power grid to ease the current power shortage and prepare for the power consumption peak seasons next year, the China Business Times said.
The newspaper said the upgrading will start in Beijing, Shanghai, the eastern Chinese cities of Hangzhou and Jinan and the northwestern city of Xi'an, all of which are under pressure from power …
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