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China Seen Boosting Investment in Digital Networks: Yicai

MNI (Singapore)

China is likely to invest more in digital networks to support the growth of digital technology-based economy, reported citing analysts interpreting a comment by Vice Premier Liu He that urges "promoting infrastructure construction moderately ahead of time." Such infrastructure should include 5G, data center, cloud-based computing, AI and vehicle networking, the newspaper said citing Wei Liurong, an engineer with China Academy of Information and Communications Technology. Direct investment in seven major "new infrastructure" including 5G and UHV will reach about CNY10 trillion by 2025, driving cumulative investment to over CNY17 trillion, the newspaper said.

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