Launch marks milestone in company's 'going global' strategy; overseas assets total $29.8b

State Grid Corp of China, the country's largest power distributor, launched a power transmission project on Tuesday during Premier Li Keqiang's visit to Brazil.

Li, on his first day of a three-day visit to Brazil, witnessed the launching ceremony, via a video broadcast, together with Brazilian President Dilma Rousseff, after the two countries signed multi-billion-dollar deals in Brasilia.