China infrastructure investment over the next 5years expected to be $1.4 trillion

[beijingwalker]

China infrastructure investment over the next 5years expected to be $1.4 trillion
Fri 12 Jun 2020 01:16:25 GMT
The Wall Street Journal totalling up the many projects underway and planned and coming up with the figure.

• Since the start of the year, municipal governments in Beijing, Shanghai and more than a dozen other localities have pledged 6.61 trillion yuan ($935 billion) to the cause, according to a Wall Street Journal tally.
• Chinese companies, urged on by authorities, are also putting up money.
• Under a plan outlined earlier this year by China's Ministry of Industry and Information Technology, these efforts would contribute to at least $1.4 trillion in investments during the next five years in artificial intelligence, data centers, mobile communications and other projects.

The next few months will be instructive on how well the country is recovering from the virus outbreak.

https://www.forexlive.com/news/!/ch...xt-5years-expected-to-be-14-trillion-20200612

 

[beijingwalker]

5 years from now, China will be totally in a class of her own in this world.

 

[DrasticMeasure]

Seems like china has slowed down a little. Back in the days China was spending 1 trillion per year in infrastructure. Any reason for this slowdown ??

 

[Song Hong]

US Fed also pump USD 2 trillion for coronavirus bailout.

It will go to the rich man pocket, and hopes the monies trickle down. It will not go to infrastructure.

 

[beijingwalker]

Back in the days China was spending 1 trillion per year in infrastructure. Any reason for this slowdown ??

Any sources?

 

[the_messenger]

US Fed also pump USD 2 trillion for coronavirus bailout.

It will go to the rich man pocket, and hopes the monies trickle down. It will not go to infrastructure.

Currently, it looks like all the 'bailout' money is being thrown into the stock market.
All times high, lol

 

[nufix]

Wow that is around 3 times of what Indonesia is going to spend in the next five years.

 

[tower9]

5 years from now, China will be totally in a class of her own in this world.

Not if it is totally politically isolated. Plus, China only has access to domestic talent while the US gets the best in the world. The US is still far ahead of China in actual innovation. China typically has to piggyback on US produced and sourced technologies. Until China is the primary producer of novel core technologies, it is not the leading innovator and definitely not in a class of its own.

 

[beijingwalker]

Not if it is totally politically isolated. Plus, China only has access to domestic talent while the US gets the best in the world. The US is still far ahead of China in actual innovation. China typically has to piggyback on US produced and sourced technologies. Until China is the primary producer of novel core technologies, it is not the leading innovator and definitely not in a class of its own.

Hopefully US can upgrade their own dilapidated infras, otherwise US will be in a class of its own in the future.

 

[tower9]

Hopefully US can upgrade their own dilapidated infras, otherwise US will be in a class of its own in the future.

San Francisco does not have new subways but it didn’t stop Google and Tesla. US corporations still attract the best and create the most original innovations.

 

[Team Blue]

I'm always really jealous of China's and other places spending on infrastructure. Being able to take a train cross country for non exorbitant prices would be awesome.

 

[beijingwalker]

San Francisco does not have new subways but it didn’t stop Google and Tesla. US corporations still attract the best and create the most original innovations.

This thread is about infras and I said a class of China's own also refers to infrastructure.

 

[Daniel808]

China infrastructure already Developed so much and one of the best in Asia if not the world.

And still they pumping $1.4 Trillion for that. This is Crazy