[Ferro-Alloys.com] New infrastructure will play an important role in expanding domestic demand and stabilizing investment. From the perspective of the overall investment scale, although the new infrastructure is smaller than the traditional infrastructure, the growth rate is very high. It is estimated that the investment scale of the new infrastructure will reach about 3 trillion yuan in 2020, and the year-on-year growth rate of the seven fields is more than double-digit or even over 100%, according to a research report released by Haitong Securities Company Limited (SH:600837) on May 15, 2020.
Specifically speaking, Haitong said, it is estimated that 5G capital expenditure will be 180.3 billion yuan in 2020, a year-on-year increase of 338%; it is estimated that the scale of China's Industrial Internet market will reach 696.4 billion yuan in 2020, a year-on-year increase of 14%, and the compound growth rate of Industrial Internet market scale in the next three years is expected to maintain 14%, and the market scale in 2023 will reach trillion level; it is estimated that in 2020, the scale of domestic big data market will be 80-85 billion yuan, with an annual growth rate of 23.5% in the next three years; in the next few years, the scale of China's artificial intelligence market will maintain a growth rate of about 30% and by 2021, the scale of China's artificial intelligence market will reach 81.87 billion yuan. In 2020, State Grid plans to invest 181.1 billion yuan in ultra-high voltage, and the investment increased significantly. In 2020, the investment in charging infrastructure is expected to reach 10 billion yuan, with a growth rate of 25-30% in the next 2-3 years; in 2020, the investment in urban rail is expected to reach 780 billion yuan, with a year-on-year growth of 20%.