UBS: China's power and resources sector is expected to enter a multi-year growth cycle.

On April 2nd, the Chief Investment Office of UBS Wealth Management released an institutional perspective, stating that with the support of policies, structural demand growth, and overseas expansion, China's electricity and resource sectors are expected to enter a multi-year growth cycle. UBS stated that during the "14th Five-Year Plan" period, investments in power grids and renewable energy are expected to increase significantly. In addition, the increasing workload of artificial intelligence data centers and the acceleration of electrification are reshaping the structure of power demand. From 2026 to 2030, China's electricity demand growth may be significantly higher than in the past. UBS predicts that demand may maintain an annual compound growth rate of 6% to 7%. Chinese companies have cost and technological advantages, and are expanding globally, forming a complete industry chain layout from upstream materials and grid infrastructure to downstream electricity, renewable energy, and energy storage equipment.