China has experienced an incredible growth of power industry since the reform and opening up. The industry will, in the next five years, optimize thermal power and highlight the large-sized and high-efficiency units, orderly develop environmental-friendly hydropower, actively promote nuclear power, accelerate the application of renewable energy including wind, solar and biomass, and improve the indigenous level of key equipment manufacturing especially for the high-efficiency and clean power generation. It is also coming into an era of rapid development and application of the cutting-edge technologies, such as power generation with renewable energy and clean coal technology, air cooling units, large units with desulphurization, denitration and environmental protection technology, ultra super-critical generating units, plasma ignition technique, ultra-high voltage DC/AC transmission, etc. Chinese market is a promising potential for world top power technologies.