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  • Beijing Review

    New Infrastructure, New Engine

    May 21, 2020 4 minutes
    By Wang Jun
    Copyedited by Madhusudan Chaubey

    Shanghai will carry out 48 key projects in the field of new infrastructure in the next three years with a total investment of 270 billion yuan ($38.14 billion), according to the action plan on promoting new infrastructure construction (2020-22) issued by the Shanghai Municipal Government. The 35-point plan aims at turning Shanghai into a leading city in the world in terms of scale and innovation capacity of new infrastructure by the end of 2022.

    “Accelerating new infrastructure construction is not only beneficial for ex-panding effective investment, but also a very important method to empower new economy,” said Ma Chunlei, head of the Shanghai Municipal Development and Reform

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