China identified its first COVID infection from Wuhan in Hubei Province in December 2019. In an attempt to curb the spread of the virus, China in January 2020 locked down Wuhan and other most affected cities and ordered mandatory closure of the factories and businesses. Leaving a huge impact on the industrial and service sectors, COVID shrank the Chinese economy in Q1 2020 for the first time in the last decade. In March 2020, the World Health Organization has declared COVID as a pandemic, considering the faster transmission of the disease across geographies.

Hence, as a measure to provide further stimulus and secure investors’ confidence, China has introduced a “new infrastructure” strategy aiming time-bound development of state-of-the-art infrastructure.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Read more here.