1. What does new infrastructure mean? "New infrastructure" is essentially information digital infrastructure. According to various media, "new infrastructure" mainly includes seven major areas: 5G infrastructure, UHV, and intercity highways. Railways and urban rail transit, new energy vehicle charging piles, big data centers, artificial intelligence, and industrial Internet. Infrastructure investment has always been an important way to stabilize economic growth and ensure employment. Among the key construction projects announced by various provinces this year, infrastructure construction remains the focus. Among infrastructure projects, the proportion of "new infrastructure" projects such as 5G network construction has increased significantly. Therefore, new infrastructure has suddenly become a hot keyword in 2020 and has been favored by funds in the capital market. However, new infrastructure is not a newly proposed concept. As early as 2018, the country had clarified the positioning of "new infrastructure construction" such as 5G, artificial intelligence, and industrial Internet.
2. The difference between new infrastructure and old infrastructure. Old infrastructure is what people usually understand as building bridges, paving roads and building houses. It specifically includes large buildings such as railways, highways, bridges, and water conservancy projects. The main purpose of old infrastructure is to underpin the economy and ensure employment. New infrastructure is infrastructure construction based on technology. It is both infrastructure and an emerging industry. Compared with the asset-heavy characteristics of old infrastructure, new infrastructure is more of an asset-light, high-tech, and high-value-added development model. Most of the areas they cover are shortcomings in China’s future economic development. I hope the above content about what new infrastructure means is helpful to everyone. Warm reminder, financial management is risky, so investment needs to be cautious.