An image captures the construction of a box girder for the Jiaozuo-Luoyang-Pingdingshan High-speed Railway, a project partially undertaken by China Railway Construction Corp's 24th bureau, in Jiaozuo, Henan province, on May 25. CHINA DAILY
BEIJING — China is mulling multi-trillion-yuan investment through a "Six Networks" initiative, as the country works to expand domestic demand and stabilize economic growth amid external uncertainties and lingering domestic supply-demand imbalances.
The "Six Networks" include water networks, new-type power grids, computing power networks, next-generation communication networks, urban underground pipeline networks and logistics networks.
Bolstering the country's strategic economic positioning, the initiative has been given prominent attention by both the Political Bureau of the Communist Party of China Central Committee and the State Council Executive Meeting in recent sessions.
China is now moving quickly to implement the investment plans. Li Chao, spokesperson with the National Development and Reform Commission, said at a recent news conference that the commission would promptly issue relevant plans and implementation schemes, further coordinate the construction aspects of the "Six Networks," clarify investment priorities in each area, break down targets into annual tasks and set clear timelines and progress schedules.
