China’s State-owned Assets Authority Signals Stronger Investment in Cloud Computing, Big Data and 5G/6G

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China’s top authority for the state-owned economy has announced plans to increase investment in key tech areas including cloud computing and big data.

Peng Huagang (彭华岗), spokesperson for the State-owned Assets Supervision and Administration Commission (SASAC), said that the authority would “pragmatically strengthen measures to stabilise growth and investment, with a focus on infrastructure development.”

SASAC will “expand the intensity of investment in areas including cloud computing, broadband base networks, 5G/6G, a national integrated big data centre system, industrial IoT and satellite Internet.”

In addition to tech, Peng highlighted efforts to drive the development of traditional forms of hard infrastructure.

“We must actively drive the development of key projects in areas including hydrology, comprehensive transit networks and key energy bases, and encourage the development of infrastructure which involves logistics networks and rural infrastructure.”

Peng made the remarks at a state press conference held on 17 January.