The central Chinese province of Hunan has unveiled ambitious plans for spending on digital “new infrastructure” projects.
The Hunan province Industry and Information Technology Office recently unveiled a list of 100 projects for 2020 in the area of “Digital New Infrastructure,” worth total investment of 56.378 billion yuan (approx. USD$8.2 billion).
These projects include 12 5G projects, 21 big data projects, 24 artificial intelligence projects, 42 Industrial Internet of Things projects, and 23 projects categorised as Ministry of Industry and Information Technology key projects.
The largest project on the list is the “Zhonglian Smart Industry City Development Project” (中联智慧产业城建设项目), which will involve total investment of 23 billion yuan, 3 billion of which has already been made.
Since the 2020 Two Sessions congressional meeting held in May Chinese authorities have made increasing reference to the need for “new infrastructure” to drive the digital development of Chinese industry.
According to the National Development and Reform Commission (NDRC) “new infrastructure” will consist primarily of the three areas of information infrastructure (信息基础设施), integration infrastructure (融合基础设施) and innovation infrastructure (创新基础设施).