New infrastructure construction has entered a fast track

The second is the rapid development of computing power and data services. By the end of June 2022, the total scale of data center racks in use in China exceeded 5.9 million standard racks, the scale of servers was about 20 million, and the total scale of computing power exceeded 150EFlops (15,000 floating point operations per second), ranking second in the world. As China continues to promote digital transformation in various regions and industries, industrial collaboration continues to deepen, and an internationally competitive computing industry ecology such as computing infrastructure, computing platforms, and computing services has initially taken shape. At the same time, China has made every effort to build a national computing power network system, and with the advancement of the "East Number West computing" project, the east and West have continuously improved cross-regional computing power scheduling, intra-regional computing power coordination, and multi-cloud collaborative computing power connectivity scheduling.

According to the data of the Ministry of Industry and Information Technology, emerging businesses such as data centers, cloud computing, big data and the Internet of Things have developed rapidly, with a total business revenue of 307.2 billion yuan in 2022, an increase of 32.4% over the previous year, and the proportion of telecom business revenue increased from 16.1% in the previous year to 19.4%.

Third, promote the vigorous development of the digital economy. New infrastructure is the main carrier of the development of the digital economy, and it has continuously achieved breakthrough results in enabling the transformation of production, life, governance methods and service models. New economies such as the service economy and the experience economy have become an important force driving growth. With the acceleration of new infrastructure, there will be more and more digital ecology, and the application value will be higher and higher, thus stimulating more economic vitality and releasing more consumer demand. Relevant data show that the scale of China's digital economy has reached 45.5 trillion yuan, ranking second in the world and becoming a new engine of economic growth.

Fourth, all types of investment and financing entities are actively involved. New infrastructure projects generally have the characteristics of large initial investment scale and long investment recovery cycle. In order to fully mobilize the participation of social capital, China has introduced innovative financial instruments and other important financing channels to supplement the capital of major projects, including new infrastructure. By the end of November 2022, more than 2,700 projects supported by two batches of financial instruments totaling 739.9 billion yuan had all started construction, mainly to support the construction of major projects such as transportation, energy, water conservancy, and new infrastructure. At the same time, the "Notice on Supporting Central Enterprises to issue scientific and technological innovation corporate bonds" proposed to support central enterprises to carry out infrastructure REITs pilot, focusing on supporting transportation, energy, water conservancy, ecological environmental protection and 5G, industrial Internet and other new infrastructure projects to issue REITs. Market players actively participate in new infrastructure, nearly 70 central enterprises more than 700 sub-enterprises in the field of new infrastructure to increase layout, "14th Five-Year Plan" during the planning of more than 1,300 investment projects. At present, China is actively promoting demonstration applications for key regions and industries, thus forming a virtuous cycle of continuous investment in new infrastructure and innovation iteration.

In the future, the construction of new infrastructure with data as an important production factor can reconstruct the original production mode and production relations, and cultivate a strong driving force for economic and social development. With the construction and application of new infrastructure, giving full play to the traction role of frontier layout will release more economic momentum and consumer demand, and have an all-round driving effect on the real economy.

Information infrastructure has developed by leaps and bounds

Wan Jinbo (Researcher, Institute of Science and Technology Strategy Consulting, Chinese Academy of Sciences) : Information infrastructure is an important part of the new infrastructure, which refers to the infrastructure generated based on the evolution of the new generation of information technology, including the communication network infrastructure represented by 5G/6G, the Internet of Things, the industrial Internet, the satellite Internet, etc., and the new technology infrastructure represented by artificial intelligence, cloud computing, and blockchain. Computing power infrastructure represented by data centers and intelligent computing centers. Since the 18th National Congress of the Communist Party of China, China has deeply implemented the strategy of network power and national big data strategy, achieved remarkable results in the construction of information infrastructure, and highlighted the role of data empowerment and innovation-driven multiplier effect.