China’s ‘new infrastructure’ projects, explained

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.

Start your free trial.

Get instant access to all our premium content, newsletters, and online community.

Already a member? Login here

What you get

Full access to all premium content

Members’-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Christopher Udemans is a Shanghai-based technology reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com. More by Chris Udemans

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric vehicles. Connect with her via e-mail: jill.shen@technode.com More by Jill Shen

Wei Sheng is a Beijing-based reporter covering hardware, smartphone, and telecommunications, along with regulations and policies related to the China tech scene. Before joining TechNode, he wrote about… More by Wei Sheng

Source link