Business
New Driver of the Economy
Many provinces have incorporated such content into their major investment projects for 2020 as 5G networks and data centers
  ·  2020-04-07  ·   Source: NO.15 APRIL 9, 2020

Many provinces have incorporated such content into their major investment projects for 2020 as 5G networks and data centers. The construction of new infrastructure is expected to produce new drivers for the economy and meet market demand.

In the digital age, new infrastructure must take advantage of advanced technologies such as artificial intelligence and big data to provide various services like online trading, remote working and online courses. It can promote the development of other industries and realize efficient social operation and the better use of resources.

Local governments need to invest in new infrastructure according to the circumstances in their regions. Construction should be coordinated with other projects to avoid wasteful investment. During the promotion of digital progress, the government should use policy advantages to attract social capital and the market can play a dominant role in resource allocation and broaden the financing channels for construction.

New infrastructure will release massive potential in economic and social growth by cultivating new industries and creating a better life for Chinese.

(This is an edited excerpt of an article originally published in Xinhuanet.com on March 29)

 

China
Opinion
World
Business
Lifestyle
Video
Multimedia
 
China Focus
Documents
Special Reports
 
About Us
Contact Us
Advertise with Us
Subscribe
Partners: China.org.cn   |   China Today   |   China Hoy   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency
China Daily   |   CGTN   |   China Tibet Online   |   China Radio International   |   Global Times   |   Qiushi Journal
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860