GBA Express

22 STATION 2: EXPAND WITHIN GBA PIONEERING NEW INFRASTRUCTURE INITIATIVE TAP DIGITAL DEVELOPMENT OPPORTUNITIES ARISING FROM CHINA’S PRIORITY DEVELOPMENT PLAN The “New Infrastructure” development plan, outlined at China’s 2020 National People’s Congress as China’s long-term national economic strategy, is expected to draw substantial investment to the tune of RMB 10 trillion (US$ 1.43 trillion) to RMB 17.5 trillion (US$2.51 trillion) for the next five-year period until 2025. GBA is at the forefront of driving this national development strategy to fuel post-COVID economic recovery. • Science and technology infrastructure, science and education infrastructure, and industrial technology innovation infrastructure • Forming the basis of research and development that is needed for building next-generation products • E.g. R& D institutions and innovation- focused industrial parks Innovative infrastructure 2