China's National Bureau of Statistics deputy director Mao Shengyong said at a
State Council Information Office briefing that investment in emerging sectors
sustained momentum in 1H, with notable increases in new energy, artificial
intelligence and integrated circuits. New-type infrastructure spending is
benefiting long-term growth: planning and construction of the “six networks” has
accelerated, traditional and new infrastructure are proceeding in tandem, and
investment in computing power networks and next‑generation communications has
risen quickly, supporting digital transformation. Targeted spending to shore up
livelihoods is focused on combining physical and human-capital investment and
advancing agricultural and rural modernization. Mao said scope to expand
effective investment remains wide: China’s per-capita capital stock is still
well below developed markets, leaving room for investment—notably in traditional
industry upgrading, emerging and future industries, elderly- and child-care
services, primary healthcare, higher-quality education capacity and rural
revitalization.
