BEIJING, Dec. 29 (Xinhua) -- China is expected to further increase infrastructure investment next year to strengthen the weak areas such as the rural infrastructure and public service facilities, analysts predict.
Recently, the National Development and Reform Commission (NDRC), China's top economic planner, have approved a number of infrastructure construction projects, involving a total investment of more than 500 billion yuan mainly in the fields of transportation, people's livelihood and so on.
To be specific, the projects approved by the NDRC include the construction of the Xi'an-Yan'an railway, intercity railway construction of Guangxi Beibu Gulf Economic Zone and construction of the rail transit lines in Shanghai and Hangzhou.
In addition to the traditional areas, analysts also predict that investment in the new infrastructure with new technologies as the main direction and advanced manufacturing industry will be a new growth point for the country's fixed asset investment in 2019. Manufacturing technology transformation and equipment upgrading, 5G for commercial use, artificial intelligence (AI), industrial Internet, Internet of Things (IoT), etc. are expected to be the fields with heavy investment. (Edited by Hu Pingchao, Bao Nuomin,)
A single purchase
