Beijing is promising big spending on “new infrastructure” amid post-virus stimulus. The government says it will focus on electric vehicle (EV) charging infrastructure, an upgraded electrical grid, artificial intelligence, 5G networks, improved transportation systems, and data centers to drive the economy towards recovery.
While China has not announced official figures, analysts from China Sinolink Securities, which has produced the most comprehensive and widely cited estimates, expect the total to reach RMB 1 trillion (around $141.3 billion) in 2020.
Bottom line: Don’t count on high-tech infrastructure to overcome a recession—it’s outweighed by traditional projects. But this investment gusher is accelerating deployment of technologies like connected roads, improved telecommunications networks, and electric vehicle charging stations.
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