SITENAME Logo

China is speeding up developments for “new infrastructure” to boost economy

Further placing the country ahead in the technological race.


China is speeding up developments for “new infrastructure” to boost economy | BEAMSTART News

China is looking to accelerate the development of "new infrastructure" projects to help spur up the nation's economy as a counterbalance against the impending financial aftermath.

The 7 industries for the projects are 5G telecommunications, ultra-high-voltage power facilities, inter-city transit, vehicle charging stations, big data centers , AI, and industrial internet.

At present, 25 provincial governments have placed "new infrastructure" as a priority for provincial development, with 21 of them aiming to accelerate development of 5G networks and data centres.

The governments aim to encourage new infrastructure development financing via special bonds, public-private partnerships, and credit support. 

This radical change is expected to bring tremendous growth to  China, bringing the country closer to the goal of being a self-sustainable nation.

BEAMSTART is a global business community with the aim of connecting people to opportunities. Expand your network, discover new possibilities, and explore a vast database of resources that can help you go further in your business and career.

 

Download the App

Never miss an opportunity again. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

© 2016 - 2020 BEAMSTART. All Rights Reserved (Legal).