China to stimulate private investment, accelerate 'new infrastructure' development

BEIJING (Reuters) - China will cut fees on a large scale to stimulate private-sector investment and also accelerate the development of "new infrastructure" to help spur the economy, Chinese government officials said on Saturday.China will further develop 5G, construct more data centres and build smart cities as part of the new infrastructure push, Zheng Jian, an official at the National Development and Reform Commission (NDRC), said at a briefing. Another NDRC official, Hong Ou, said 89.1% of..