38 power plants to be sold off at auction?
The plants have an estimated value of more than 10 billion yuan (US$1.25 billion).
The commission didn't say yesterday if foreign investors would be eligible to take part in the bidding.
"It's a disposal of state assets that is closely related to the power system reform," Tang Rongyao, director of the commission's administrative office, said in a statement.
The country began reforming the industry in 2002 to break up a monopoly and introduce competition to the sector to make it more market oriented.
In 2002, the monopoly State Power Corp was split into grid operators, power generators and engineering service providers
source:
http://www.zoomchina.com.cn/index.php?/c.
Answer:
You want to buy or invest in a communist nation? A nation that can seize your assets if and when they choose in the future. This world is too small for two super powers to coexist in peace. That much we know.
For now, China is our good trading buddy. In the future when resources are low or they decide they want to expand thier empire, they may not be so friendly. What would happen to your assets in China then? Even the bible talks about the kings of the east rising, and a 200 million man army. WHat country can put together a 200 million man army at present? Guess.
So what's your question. Is it real? Probably. Does it sound like a good investment? Maybe. Do you have the 1.25 Billion to invest? Probably not. So be a little more specific and you might actually get an answer.
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