德意志银行：中国电力设备行业研究报告（英文 144页）

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Table Of Contents

Executive summary ..... 3

Total grid investment: c.Rmb2.8trn in 2016-20 ...... 3

Power T&D investment overview .... 9

Rmb500bn UHV investment (2016-20) ..... 13

Rmb1.4trn power distribution investment (2016-20) .... 27

Rmb2.6trn grid investment in OBOR countries (2016-20) . 34

Appendix ... 38

Introduction of SGCC and CSG ..... 40

XJ Electric ...... 41

NARI Tech ..... 66

Pinggao Electric ..... 89

China XD...... 112