LS subsidiaries to benefit from China's power investment

China's increased investment in its power grid is expected to have a positive impact on the subsidiaries of South Korea's LS Group.,

China plans to invest 2 trillion yuan or US$310 billion) in electricity during the 2011-2015 period, mainly in high-voltage lines, in a bid to counter the country's chronic power shortages. Annually, 400 billion yuan will be invested, which is a 45 percent increase from the 2009-2014 average of 286 billion yuan.

The full story is available at Yonhap News.