Heard on the Street: Beijing wants to invest in 'new infrastructure' such as data centers and artificial intelligence, but for investors the impact is easily overhyped
As China prepares to accelerate public investments to kick-start its economy following the coronavirus shutdowns, “new infrastructure” has become a buzzword for brokers to sell investment ideas.
Beijing has suggested it could take the opportunity to push for a technology-driven structural upgrade of its economy, boosting industry productivity and innovation. So-called new infrastructure encompasses a range of sectors, from 5G and artificial intelligence to data centers and electric-vehicle charging stations. The idea has some...
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