New Infrastructure Construction in China: Both Urgent and Long-Term Support

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 4

Year of Publication : 2020

Authors : Jia Kang

10.14445/23939125/IJEMS-V7I4P109

How to Cite?

Jia Kang, "New Infrastructure Construction in China: Both Urgent and Long-Term Support," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 4, pp. 54-59, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I4P109

Abstract:

Under the impact of the new coronary pneumonia epidemic and the downturn in the international market, China’s economy is facing extraordinary pressure in 2020. It is necessary to take extraordinary measures, including new infrastructure, to offset the economic downturn, and strive to combine short-term measures with the strategic modernization goals in the mid-and long-term. This paper defines China’s upcoming new infrastructure as an infrastructure construction that is closely integrated with the development and application of digital information technology, which is at the frontier of new technologies and new economic development. Then the paper discusses its important significance and role in supporting the fighting of the epidemic, creating a “new economy”, and promoting the high-quality development of the national economy. There is great room for its development in China. The paper emphasizes that it must be integrated with reform and innovation of “institutional infrastructure”, and specifically analyzes the use of private enterprises and PPP mechanisms in new infrastructure. In order to implement new infrastructure, local governments must take extraordinary measures to strive to form a high-level, customized plan for supply-side reform in their jurisdictions.

Keywords:

China’s new infrastructure, new economy, new technology, PPP, supply-side reform.

References:

[1] Jia Kang., New Supply-Side Economics: Eliminations And Establishments, International Journal of Economics and Management Studies (IJEMS), (2019).
[2] Jia Kang, Feng Qiaobin., Rights-Ethics Public Goods: Based on the Expanded-Definition of Public Goods, International Journal of Economics and Management Studies, Volume 6(8)  (2019).
[3] Jia Kang., Analysis on Ternary Paradox of Fiscal Distribution: Theory and Mitigation Methods, Journal of Economics and Management Studies (IJEMS),  6 (11)  (2019).
[4] Jia Kang., Development of Chinese Public Finance Discipline in the Past 70 Years: Review and Prospects, Journal of Economics and Management Studies (IJEMS), 6(12)  (2019).
[5] Jia Kang., Eight Imperatives to be done by Finance in Serving the Wider Economy, Journal of Economics and Management Studies (IJEMS), 7(2)  (2020).