Building ‘new infrastructure has recently become a top development priority for China – and refers to infrastructure that is ‘digital, smart, and innovative.
As part of its post-COVID-19 relief package, China is ramping up plans to construct new digital infrastructure across the country – including building 5G networks, artificial intelligence (AI), Internet of Things (IoT), intercity high-speed rail, and setting up research and development institutions, according to an article from China Briefing.
In doing so, a new wave of government support for private sector participation can be seen – through the issuance of special bonds, encouraging public-private partnerships, or extension of credit support.
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