Guangdong accelerates spending plan

Guangdong has announced it is speeding up the deployment of its infrastructure investment plans for this year, while adding another 100 billion yuan to build new projects related to public health, 5G networks, and railway transportation.

The new plan, announced yesterday by the Provincial Development and Reform Commission, reiterated that Guangdong would proceed with work on no fewer than 1,230 key projects this year, worth a total of 5.9 trillion yuan, which would generate spending of 800 billion yuan in the current calendar year; about three-fourths of these are construction projects.

The announcement paid particular attention to the province’s inter-city high-speed railway, which it said has “room for improvement”. However, what really distinguishes the current year’s investment plan is the rollout of 5G networks. Guangdong expects to have built 50,000 5G base stations by the end of the third quarter, and 60,000 by the end of the year with the number of 5G users in Guangdong reaching 20 million.

Read more (in Chinese)

Tell us what you think