China earmarks special bonds for data infrastructure


China will elevate the amount and proportion of fiscal subsidies this year to support local governments and industries to build a number of data infrastructure projects. — China Daily

Beijing: China will step up the input of central funds to support the construction of data infrastructure and make full use of ultra-long-term special treasury bonds to accelerate the building of architecture related to national data infrastructure, says the National Data Administration (NDA), the country’s top data governance regulator.

Experts said the country’s latest move to construct data infrastructure will bolster the circulation, development and utilisation of data resources, facilitate high-quality growth of the country’s digital economy and unleash the value of massive data elements.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit rises to 3.97 as US-Iran ceasefire lifts market
AI,�eCommerce�tailwinds to buoy logistics sector
Perak Transit names Jeffrey Cheong deputy
EPB eyes transfer from ACE to Main Market
Bus Cap secures Bursa Malaysia nod for ACE Market listing
MM Computer moves forward with IPO
SC appoints Manoj Kurup as executive director for enforcement
Ageing population shifts�the re-rating narrative
Infoline unit to buy RM19mil factories
LSH Capital wins Kuantan road contract

Others Also Read