orSign up

Follow us:
wechat
日本毛片18禁免费_日本高清免费一本视频

New infrastructure spending may reach 17.5 trln yuan for 2020-2025: analyst

2020-May-22       Source: Xinhuanet.com

China's investment in new infrastructure such as 5G networks and data centers may reach 17.5 trillion yuan (about 2.47 trillion U.S. dollars) for the 2020-2025 period as local regions ramp up spending in the sector, Shanghai Securities News reported Thursday.

China's investment in new infrastructure such as 5G networks and data centers may reach 17.5 trillion yuan (about 2.47 trillion U.S. dollars) for the 2020-2025 period as local regions ramp up spending in the sector, Shanghai Securities News reported Thursday.

The data marked an annualized growth rate of around 21.6 percent, according to Xu Xianping, a professor at Guanghua School of Management with Peking University and also former deputy head of the country's top economic planner, as cited in the report.

Since authorities unveiled guidelines to increase spending on new infrastructure construction, more than 20 provincial-level regions have mapped out plans in the sector, with the city of Shanghai eyeing to invest about 270 billion yuan in the coming three years.

A research note by Haitong Securities predicted new infrastructure spending would reach 3 trillion yuan this year.

Different from traditional infrastructure such as railways, roads and airports, new infrastructure refers to digital facilities such as 5G base stations, vehicle charging stations, big data centers, artificial intelligence and industrial internet, fields that are seen as future drivers of the economy.

Since the novel coronavirus outbreak, authorities have called for further efforts to boost development of the sector to combat downward pressure on the economy.

Editor: Will

Scan to share on WeChat

Scan to follow us on WeChat

0
Related News
Most popular
Day |
Week |
Month
Key Words

Home|About us|Contact us|Southcn.com

www.meishixiaopu.com. All rights reserved.

www.meishixiaopu.com. All rights reserved.|Registered number 020074| 粤公网安备 44010402000511号|ICP备案号 粤B-20050235-8