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.

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 that are basic and long-term and benefit the general public, said the NDA on Monday.

It will also speed up efforts to study and formulate plans concerning national data infrastructure during the 15th Five-Year Plan from 2026 to 2030.

National data infrastructure refers to a new type of infrastructure that supports data collection, aggregation, transmission, processing, circulation, utilisation, operation and security.

It comes amid the backdrop of the rapid development of digital technologies and infrastructure across the globe.

Liu Liehong, head of the NDA, said the administration will initiate construction of the main structure of national data infrastructure this year, and quicken the establishment of relevant standards.

It will also strengthen exchanges and cooperation with international organisations to absorb experience in the construction of data infrastructure worldwide.

Liu said the plan regarding national data infrastructure will focus on four aspects: data circulation and utilisation facilities, computing power facilities, network facilities, and security facilities.

China aims to complete the building of the main structure of national data infrastructure by 2029, according to a guideline jointly issued by the National Development and Reform Commission, the NDA and the Industry and Information Technology Ministry in January.

The guideline stated that efforts will be made to complete the top-level design of national data infrastructure between 2024 and 2026. Such infrastructure will support large-scale data circulation and interconnectivity, while integrating data networks and computing power facilities between 2027 and 2028.

The country has also vowed to upgrade the 5G network to 5G-advanced or 5G-A, a crucial upgrade of the 5G network in terms of functionality and coverage and promote 6G-related research, development and innovation. — China Daily/ANN

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

Next In Business News

Enproserve secures RM12mil facility management contract from Perbadanan Putrajaya
ETA Group appoints Kau Sin Yual as chairman
PETRONAS LNG portfolio positions Malaysia to capture Asia’s growing gas demand
Tan Chong, Saike explore EV battery pack localisation in Malaysia
Ringgit ends mostly higher against major currencies, but weakens vs US dollar
MBSB Bank provides RM29.6mil financing to Bisajuta for Sabah infrastructure projects
Reservoir Link secures PPA for 200MWac solar facility in Sarawak
MASkargo, IAG Cargo and Qatar Airways Cargo complete first customer shipment trial
Citi appoints Yik Ping Chong as Malaysia commercial banking head
Binastra records 93.4% revenue growth in 1H27, declares 4.0 sen dividend

Others Also Read