China is one of the few countries in the world whose 2013 population of will decrease by about 39 million (from 1,343,239,923 to 1,303,723,332) by 2050. Although this will go a long way in reducing energy consumption across the country, it still faces considerable obstacles in putting a system in place that will reduce high rates of pollution in major cities across the country while meeting the demands of the world's second-largest economy. China has been investing heavily in smart power grid construction as part of its 12th Five Year Plan, which will include rapid deployment of modern metrology, communications, information and control technologies with a $15. 4 billion investment.
Pike Research estimates the country will have cumulative smart grid revenue of $127 billion by 2020. The smart grid being put in place will integrate the latest technology and cover all voltage levels so the system is able to function with optimal power, information and business flow by focusing in power generation, transmission, transformation, distribution, consumption and dispatching. Read More
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