Infrastructure = public investment.
Beijing wants to see big investments in the building blocks of China’s digital future – everything from 5G and data centers to artificial intelligence (AI) and electric vehicle (EV) charging stations....When you have engineers in charge.
While the term ‘new infrastructure’ is not itself new – it first appeared during the Central Economic Work Conference in December 2018 – these high-level announcements represent an elevation of the initiative as a key policy priority. The road to economic recovery will be an uphill one, and digital infrastructure is seen as an economic multiplier that will drive industrial upgrading through the application of advanced technologies across various sectors....Good article. albeit Western centric, which sees problems based on Western neoliberal models.
The Chinese leadership views this as laying digital highways. If vehicles were a main driver of the industrial revolution that unseated agriculture from its millennia-long dominance, digital traffic will be a main driver of the nascent digital revolution that is just beginning.
Merics
China bets on 'new infrastructure' to pull the economy out of post-Covid doldrums
Caroline Meinhardt
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