China wants to power the world
China’s State Grid Corp., the world’s biggest power company, is on an impressive buying binge. As Bloomberg News reports, the company is “actively in bidding” for power assets in Australia, hoping to add them to a portfolio of Italian, Brazilian and Filipino companies. The goal isn’t simply to invest, however. State Grid Chairman Liu Zhenya has a plan that he believes will stall
global warming, put millions of people to work and bring about world peace by 2050.