Guangzhou invests heavily in new infrastructure projects

Time:2020-06-10 10:28:57      Source:ChinaDaily.com
The city of Guangzhou, capital of south China's Guangdong province, will push forward the construction of new infrastructure projects with an investment of nearly 500 billion yuan ($70.7 billion) in 2020.
 
The projects cover a wide range of fields such as 5G, artificial intelligence and big data centers, according to the fifth session of the 15th Guangzhou Municipal People's Congress held on Saturday.
 
A government work report delivered Saturday showed that in 2019, Guangzhou made great efforts to develop strategic emerging industries and a number of major industrial projects were completed and put into operation. The added value of strategic emerging industries in Guangzhou increased by 7.5 percent, and a total of 20,200 5G base stations were built last year.
 
The city will continue to promote the full coverage of the 5G network and plans to build 41,000 charging piles across the city this year.
 
Among the new infrastructure projects, 73 major projects worth 180 billion yuan were signed in May.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-20
Shuozhou 5200 435 0 FOR 06-20
Ordos 5500 415 0 ex-mine 06-20
Yulin 6200 535 0 ex-mine 06-20
Liulin Low-sulphur 560 0 ex-mine 06-20
Gujiao Low-sulphur 1095 0 FOR 06-20
Xingtai Low-sulphur 1210 0 ex-Factory 06-20
Yangquan PCI 770 0 FOR 06-20
Index RMB/t WoW WoW% Date
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