Investment in infrastructure was accelerated and the scale of investment continued to expand

Meng Wei introduced that the National Development and Reform Commission will further promote the accelerated development of private investment by encouraging private investment to actively participate in revitalizing stock assets, strengthening financing support for private investment, supporting the standardized development of private enterprises, and continuously optimizing the environment for private investment.

We will promote investment in new infrastructure

In the first four months of this year, more than 190,000 5G base stations were built nationwide, 1.653 million gigabit network ports were added, reaching a total of 9.54 million, and the number of racks of national hub node data centers exceeded 540,000 standard racks. At present, investment in new infrastructure construction has maintained steady growth, development is full of resilience, and its role in supporting epidemic prevention and control, resuming work and production, and maintaining the stability of industrial and supply chains has become more prominent.

Meng Wei introduced that in terms of investment in new infrastructure construction, from the current grasp of the reserve project situation, the second half of the local and backbone enterprises will increase investment, a number of major projects will start construction, especially the social capital investment potential is large. The National Development and Reform Commission will continue to promote the construction of key projects together with local and relevant departments. We will accelerate the project to improve the basic networks of small and medium-sized cities in the central and western regions, and focus our support on a group of small and medium-sized cities in the central and western regions with prominent industrial characteristics and a good foundation for development. At the same time, we will accelerate the deep integration of 5G, artificial intelligence, and big data with the real economy, build a number of important integration infrastructure and computing infrastructure, and actively explore new technologies, new industries, new forms of business, and new models. Strengthen the layout of national integrated big data centers, increase support for planning, network, and energy use, support the construction of the "East number and West count" project, and promote the construction of each hub node to take effect as soon as possible.

In terms of investment and financing, The State Council recently issued a package of measures to stabilize the economy, accelerate the use of local government special bonds and expand the scope of support, including new infrastructure for the first time. Meng Wei introduced that the National Development and Reform Commission will actively promote banking financial institutions, real estate investment trust funds (REITs) in the field of infrastructure to invest in major new infrastructure construction projects, give play to the role of venture capital guidance funds in emerging industries, facilitate financing for small and medium-sized enterprises in related fields, and further stimulate the enthusiasm of social capital investment.