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China's investment in new IT infrastructure, such as 5G, data centers, and cloud computing centers, will reach CNY1.78 trillion in 2021 and CNY10.53 trillion over the next 5 years, reported the Economic Daily citing data from the China Academy of Information and Communications Technology. The government may finance this investment through loans backed by user rights and government procurement contracts which guarantee future incomes, while companies should tap into REITs and asset-backed securities, the Daily said citing Fan Meng, an advisor with the China Center for Information Industry Development. China's top three telecom carriers plan to invest CNY184.7 billion in 5G this year, up 2.44% from 2020, the Daily said.