UBS: China's electricity and resources sectors are expected to enter a multi-year growth cycle

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On April 2nd, the Office of the Investment Director of UBS Wealth Management (CIO) issued an institutional opinion, believing that under the influence of policy support, structural demand growth, and overseas expansion, China’s power and resource sectors are expected to enter a multi-year growth cycle. UBS stated, “During the 14th Five-Year Plan,” investments in power grids and renewable energy will significantly increase, coupled with the rising load in artificial intelligence (AI) data centers and accelerated electrification, all of which are reshaping the structure of power demand. From 2026 to 2030, China’s power demand growth rate may be significantly higher than in the past, with UBS forecasting an annual compound growth rate of 6% to 7%. Chinese companies have cost and technological advantages (especially in renewable energy and energy storage) and are expanding their business globally, forming a complete industry chain layout from upstream materials and power grid infrastructure to downstream power, renewable energy, and energy storage equipment. (Shanghai Securities News)

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