PwC: Private equity market may recover

Steady growth: The country has called for speeding up the construction of ‘new infrastructure’ projects, including 5G networks.

THE novel coronavirus outbreak has had an impact on the private equity market in the short-term, but the high demand for Internet services in the areas of online education, telecommuting and cloud services will continue to make them investment hot spots for some time, according to a new report released by global accounting firm PwC.

The report said the country has called for speeding up the construction of “new infrastructure” projects, including 5G networks, data centres, artificial intelligence and the industrial Internet, which will also be investment hot spots over a period of time.