Economic Watch: "New Infrastructure" To Bring Digital Opportunities For Chinese Economy
BEIJING, March 8 (Xinhua) -- China is accelerating the construction of "new infrastructure", which is expected to bring new drivers for the economy, especially in sectors like new consumption, new manufacturing and new services. The country will accelerate the construction of new infrastructures such as 5G networks and data centers, said a meeting of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee on March 4. In the industrial era, infrastructure is represented by railways, highways and airports, but in the digital era, digital facilities such as optical cables and mobile communications have become increasingly important. Liu Duo, president of the China Academy of Information and Communications Technology (CAICT), said 5G is crucial for digital transformation in many sectors to boost innovation and underpin the growth of the economy and society. The accelerated construction of new infrastructures, such as 5G, data centers ...