China's State Grid to Keep Spending High to Match Renewables

(Bloomberg) -- State Grid Corp. of China will maintain its annual investment budget at over 500 billion yuan ($70 billion) in 2024, after spending hit a record last year in a bid to keep up with the nation’s world-leading expansion of clean energy. Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteTaiwan Markets Mixed as Election Result

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