国内英语资讯:Economic Watch: China embraces new infrastructure to catalyze new growth drivers
<p><span word="BEIJING">BEIJING</span>, <span word="May">May</span> 22-- <span word="China">China</span> <span word="has">has</span> <span word="pledged">pledged</span> <span word="fresh">fresh</span> <span word="efforts">efforts</span> <span word="in">in</span> <span word="advancing">advancing</span> <span word="the">the</span> <span word="construction">construction</span> <span word="of">of</span> <span word="new">new</span> <span word="infrastructure">infrastructure</span> <span word="projects">projects</span> <span word="in">in</span> <span word="a">a</span> <span word="bid">bid</span> <span word="to">to</span> <span word="further">further</span> <span word="stimulate">stimulate</span> <span word="new">new</span> <span word="consumption">consumption</span> <span word="demand">demand</span> <span word="and">and</span> <span word="boost">boost</span> <span word="industrial">industrial</span> <span word="upgrading">upgrading</span>.</p><p><span word="The">The</span> <span word="country">country</span> <span word="plans">plans</span> <span word="to">to</span> <span word="issue">issue</span> 3.75 <span word="trillion">trillion</span> <span word="yuan">yuan</span> (<span word="about">about</span> 529 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="of">of</span> <span word="special">special</span> <span word="local">local</span> <span word="government">government</span> <span word="bonds">bonds</span> <span word="this">this</span> <span word="year">year</span>, <span word="up">up</span> 1.6 <span word="trillion">trillion</span> <span word="yuan">yuan</span> <span word="from">from</span> <span word="the">the</span> <span word="previous">previous</span> <span word="year">year</span>, <span word="with">with</span> <span word="priority">priority</span> <span word="given">given</span> <span word="to">to</span> <span word="new">new</span> <span word="infrastructure">infrastructure</span>, <span word="new">new</span> <span word="urbanization">urbanization</span> <span word="initiatives">initiatives</span> <span word="and">and</span> <span word="major">major</span> <span word="projects">projects</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="government">government</span> <span word="work">work</span> <span word="report">report</span> <span word="submitted">submitted</span> <span word="to">to</span> <span word="the">the</span> <span word="national">national</span> <span word="legislature">legislature</span> <span word="for">for</span> <span word="deliberation">deliberation</span> <span word="on">on</span> <span word="Friday">Friday</span>.</p><p><span word="In">In</span> <span word="terms">terms</span> <span word="of">of</span> <span word="new">new</span> <span word="infrastructure">infrastructure</span>, <span word="China">China</span> <span word="will">will</span> <span word="develop">develop</span> <span word="next">next</span>-<span word="generation">generation</span> <span word="information">information</span> <span word="networks">networks</span> <span word="and">and</span> <span word="expand">expand</span> 5<span word="G">G</span> <span word="applications">applications</span>, <span word="said">said</span> <span word="the">the</span> <span word="report">report</span>. <span word="Also">Also</span>, <span word="more">more</span> <span word="charging">charging</span> <span word="facilities">facilities</span> <span word="will">will</span> <span word="be">be</span> <span word="built">built</span> <span word="to">to</span> <span word="promote">promote</span> <span word="wider">wider</span> <span word="use">use</span> <span word="of">of</span> <span word="new">new</span> <span word="energy">energy</span> <span word="vehicles">vehicles</span>.</p><p><span word="Rather">Rather</span> <span word="than">than</span> <span word="resorting">resorting</span> <span word="to">to</span> <span word="a">a</span> <span word="massive">massive</span> <span word="government">government</span>-<span word="led">led</span> <span word="stimulus">stimulus</span> <span word="to">to</span> <span word="shore">shore</span> <span word="up">up</span> <span word="growth">growth</span>, <span word="China">China</span> <span word="is">is</span> <span word="seeking">seeking</span> <span word="more">more</span> <span word="targeted">targeted</span> <span word="investments">investments</span> <span word="in">in</span> <span word="projects">projects</span> <span word="that">that</span> <span word="facilitate">facilitate</span> <span word="innovation">innovation</span> <span word="and">and</span> <span word="improve">improve</span> <span word="weak">weak</span> <span word="areas">areas</span> <span word="in">in</span> <span word="economic">economic</span> <span word="and">and</span> <span word="social">social</span> <span word="development">development</span>.</p><p><span word="The">The</span> <span word="prioritized">prioritized</span> <span word="efforts">efforts</span> <span word="are">are</span> <span word="expected">expected</span> <span word="to">to</span> <span word="not">not</span> <span word="only">only</span> <span word="boost">boost</span> <span word="consumption">consumption</span> <span word="and">and</span> <span word="benefit">benefit</span> <span word="the">the</span> <span word="people">people</span>, <span word="but">but</span> <span word="also">also</span> <span word="facilitate">facilitate</span> <span word="structural">structural</span> <span word="adjustments">adjustments</span> <span word="and">and</span> <span word="enhance">enhance</span> <span word="the">the</span> <span word="sustainability">sustainability</span> <span word="of">of</span> <span word="growth">growth</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="report">report</span>.</p><p><span word="Take">Take</span> 5<span word="G">G</span> <span word="as">as</span> <span word="an">an</span> <span word="example">example</span>. <span word="China">China</span>'<span word="s">s</span> <span word="investment">investment</span> <span word="in">in</span> 5<span word="G">G</span> <span word="network">network</span> <span word="construction">construction</span> <span word="will">will</span> <span word="reach">reach</span> 1.2 <span word="trillion">trillion</span> <span word="yuan">yuan</span> <span word="in">in</span> <span word="aggregate">aggregate</span> <span word="by">by</span> 2025, <span word="and">and</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="leverage">leverage</span> <span word="about">about</span> 3.5 <span word="trillion">trillion</span> <span word="yuan">yuan</span> <span word="of">of</span> <span word="investment">investment</span> <span word="in">in</span> <span word="the">the</span> <span word="upstream">upstream</span> <span word="and">and</span> <span word="downstream">downstream</span> <span word="of">of</span> <span word="the">the</span> <span word="industrial">industrial</span> <span word="chain">chain</span> <span word="as">as</span> <span word="well">well</span> <span word="as">as</span> <span word="in">in</span> <span word="other">other</span> <span word="areas">areas</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="China">China</span> <span word="Academy">Academy</span> <span word="of">of</span> <span word="Information">Information</span> <span word="and">and</span> <span word="Communications">Communications</span> <span word="Technology">Technology</span>.</p>
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