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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (524134)	10/28/2009 12:56:34 PM
From: tejek	1 Recommendation Read Replies (3) of 1582953

Obama announced spending $3.4 billion on the smart grid. China will be spending $10 billion per year. Does anyone see a problem? I am sure you do jimbo! China to announce massive smart meter & grid project Monday, 01 June 2009 00:44 China has begun a massive smart grid project that will transform how the country generates and uses energy. The power infrastructure will be brought into the digital age in ways that enhance efficiency and secure the entire power grid. Huang Shouhong, a power industry analyst at Essence Securities, believes that China will have to spend up to 68 billion yuan ($10 billion) annually on smart grid development. Investments of that magnitude would certainly have a positive effect on Chinese manufacturers of power transmission and automation equipment. Foreign manufacturers are noticing as well. smartmeters.com

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