China is ramping up its roll-out of new infrastructure, with work to start on many of the projects this year, according to S&P Global Platts.
China has been at the forefront of the infrastructure spending push that was set in motion by COVID-19, which has caused a strain on economies around the world. In March, China first announced that it would unleash an unprecedented amount of spending on “new infrastructure,” which includes 5G networks, data centers and a variety of other infrastructure projects that were already in the pipeline.
In early May, China announced plans to launch a public REIT market in an effort to help ease the burden of infrastructure investments on debt-laden local governments, according to Reuters. The move was unprecedented, as China has hist