US media: China is investing in new infrastructure

American "Wall Street Journal" June 29 article, original title: China is updating the "Formula" sub -question that is getting rid of economic downturn: Beijing is turning to the construction of new public engineering projects, data centers and space stations. Whenever China faces economic challenges , Often invest in construction infrastructure. Today, China's skyscrapers, dams, highways, and airports are lined up. In order to cope with new economic issues, China is turning to new infrastructure.

This time, the Chinese government did not convene construction workers wearing helmets, but set up a blueprint for connecting databases, coordinating traffic and living space. Right now, China is expanding the concept of infrastructure.

As a reliable emergency measure, infrastructure was the top priority in China in response to the huge stimulus plan introduced in China to deal with the chaos in 2008. In addition to avoiding economic recession, large investment in building infrastructure has also promoted China to the world's second largest economy. The longest railway and highway networks in the world have been built. Become a global leader in the fields of ports, dams and 5G mobile communications.

This is a feat of national planning. But facing some contemporary deepest economic challenges, China's demand is different from the past. Since it has become a middle -income country, China is not as significant as before. If the speed is important to China in the past, the demand may be the most important consideration today. Among the 33 "stable economy" measures announced by the Chinese government in May, only one involved infrastructure construction.

Chinese leaders require comprehensively strengthening infrastructure construction, but the focus is on promoting the construction of major "technology" infrastructure to improve the quality of economic growth, such as promoting urban agglomeration integration instead of new projects, and new space stations under construction. Projects of national security interests.

Some of China's most ambitious traditional infrastructure projects have prompted a big data project to be approved this year. The project will become a new type of infrastructure similar to the "South Water Diversion" or "West Qi East". Data from the advanced eastern region of technology will be staggered across China, and then transported to servers in western regions that can enjoy cheap hydropower and wind power.

Supporters said that the high -speed data system built by the Chinese government will not only promote China's demand for optical fiber technology, computer server, software, engineers, and some infrastructure construction, but also expand China's data processor market, just like China’s, like China’s, The highway transformed this bicycle country into the world's largest automotive market within a generation.

He Yifan, an operator of the Beijing Software Project Blockchain Service Network, said that the central government did treat the digital economy as the main driving force for the next 10 years. Its company is negotiating to join the computing power deployment project called "East West Calculation". (Author James Eridi, translated by Wang Huicong)

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