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China’s Infrastructure Development* and Supply-Side Structural Reforms
Li Pengfei
Institute of Industrial Economics (IIE), the Chinese Academy of Social Sciences (CASS), Beijing, China
Abstract: Despite significant improvements in transport, energy and information
communication technology (ICT) infrastructures, inadequacies still exist in China’s
infrastructure development in light of emerging demand and industrial transition and
upgrade. China lags far behind advanced economies such as the United States, Germany
and Japan in terms of the quality of transport infrastructures except railroad; electricity
infrastructure is insufficient and service efficiency needs improvement; ICT infrastructure
requires all-round upgrade and gaps in Internet bandwidth are striking. This paper suggests
that, based on the needs of supply-side structural reform, China must reform its investment
and financing systems to enhance the efficiency of infrastructure investment. Efforts must
be made to enhance air transport and port infrastructure to support industrial upgrade; to
develop the energy Internet to address emerging demands; and to forge a new generation
of ICT infrastructure with industrial Internet as the priority to prepare China for the new
round of industrial competition.
Kcoemypwetoitriodns: infrastructure, supply-side structural reforms, industrial internet, industrial
JEL classification: O18
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