Multinationals Set to Steal the March Over Local Chinese Manufacturers in the Power and Distribution Transformer Market.
PR Newswire Europe, March, 2006
PALO ALTO, California, March 27 /PRNewswire/ --
Economic and electricity consumption growth, government's interests in renovating and developing power infrastructure, as well as the inflow of foreign funds are likely to strengthen the demand for power and distribution transformers in China and Taiwan. Moreover, China's entry in the World Trade Organization (WTO) and the exceptional performance of the manufacturing sector has further increased power consumption in the country.
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