Via the FT:
State Grid, China’s largest utility company, is bracing itself for the rate of economic growth to fall to as low as 4 per cent over the next five years in the world’s second-largest economy, according to people familiar with its internal forecasts.
The state-owned monopoly, which generates and distributes most of China’s power, was known for its bold economic forecasts. But it is now more cautious after being caught off guard by slower-than-expected economic growth and government-ordered cuts in electricity prices in recent years.
