Cross-posted from Center for American Progress. There is no way to get around this fact -- China aims to modernize its energy infrastructure at home and dominate clean energy technology markets abroad. At the 2011 Smart Grid World Forum in Beijing late last month, China's State Grid Corporation announced plans to invest $250 billion in electric power infrastructure upgrades over the next five years, of which $45 billion is earmarked [PDF] for smart grid technologies. According to its three-stage plan, China will invest another $240 billion between 2016 and 2020 (including another $45 billion toward smart grid technologies) to complete …
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Melanie Hart is a policy analyst for Chinese energy and climate policy at the Center for American Progress.