Free Trial

China Seen Boosting Investment in Digital Networks: Yicai

CHINA PRESS
MNI (Singapore)

China is likely to invest more in digital networks to support the growth of digital technology-based economy, Yicai.com 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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.