China Should Boost Infrastructure Spending for Growth: Herald

China needs increased infrastructure investment to boost demand and stabilize growth, but it should advance high-tech infrastructure without excess and wasteful projects, the 21st Century Business Herald said in an editorial. Developing a green economy is the key to achieving carbon peak and neutrality, which demands more investment in new energy and materials, energy conservation and environmental protection while investing in 5G, industrial use of the Internet and AI will also be accelerated to promote the digital economy, the newspaper said. China has ensured sufficient funding given issuances of local government special bonds may exceed CNY3.5 trillion in 2022, the newspaper said.