High-tech infrastructure projects on the horizon
A batch of industrial clusters with hundreds of billions of yuan in investments will be built in China, Economic Information Daily reported on Thursday.
In Guangzhou, 16 new digital infrastructure constructions have signed contracts on Monday involving AI, Big Data and digital industry, with total investments reaching 56.5 billion yuan. Moreover, the city will bridge AI with industrial internet to establish 8 industrial clusters on intelligent connected vehicles and robots to realize an AI industry scale surpassing 120 billion yuan.
Shanghai expects to invest 270 billion yuan into 48 major infrastructures in the next three years.
Kunming will set up 394 new infrastructure constructions on 5G, AI, industrial internet, IoT and "smart plus" as well as planned completed investment of 58.98 billion yuan by 2020.
Chongqing also plans to form hundreds of billions of yuan in 5G-based industrial clusters by 2022.
By 2025, China's investment in 5G, extra-high voltage, intercity high-speed railway, urban subway systems, new energy cars and chargers, big data, AI and industrial internet, will reach 10 trillion yuan, as well as will drive supporting industries. Cumulative investment will surpass 17 trillion yuan, said Economic Information Daily, citing CCID Consulting.
The National Development and Reform Commission will issue guidelines to promote new types of infrastructure construction, and improve the rules for market access of emerging industries to stay sustainable, Economic Information Daily said.