China's "Six Networks" strategic initiative will help boost effective investment and drive the country's economic growth in the second half of the year, said officials on Thursday.
The solid advancement of the initiative was emphasized during a meeting held on Thursday in Beijing where the Political Bureau of the Communist Party of China (CPC) Central Committee analyzed and studied the current economic situation and made arrangements for economic work in the coming six months.
China is mulling multi-trillion-yuan investment through the "Six Networks" initiative in 2026, as the country works to expand domestic demand and stabilize economic growth. The "Six Networks" are water networks, new-type power grids, computing power networks, next-generation communication networks, urban underground pipeline networks, and logistics networks.
"The 'Six Networks' will be built by deeply integrating digital, intelligent and green technologies. They are expected to achieve a fundamental shift from scale expansion to an improvement in both quality and efficiency. It serves to fix existing structural shortcomings, while fostering new opportunities," said Sheng Lei, deputy director of the State Information Center at the National Development and Reform Commission.
Financially, these projects will be massive and serve as an anchor for the national economy.
"The 'Six Networks', together with some infrastructure and public service facilities, will bring the total investment this year to approximately 7 trillion yuan (about 1.04 trillion U.S. dollars). Our solidly implementation of these projects would provide excellent support for the overall investment growth throughout the year," said Sun Xuegong, director of the Decision Advisory Department of the Academy of Macroeconomic Research at the National Development and Reform Commission.
China's 'Six Networks' infrastructure projects expected to bolster investment: officials
