(Yicai) Oct. 19 -- Shanghai's government has issued a three-year action guide for a second round of constructing new infrastructure to expand investment and promote its digital transition.

Shanghai will build fifth-generation advanced and 10-gigabit optical networks to achieve 10 GB data transmission by the end of 2026, according to the guidelines. It will accelerate the construction of high-performance computing power and high-quality data infrastructure to support innovative applications of artificial intelligence large models and blockchain technologies.

The guidelines further noted that Shanghai will establish the world's largest, most diverse, and most comprehensive innovative infrastructure cluster and build a ubiquitous and integrated ultra-large-scale urban intelligent terminal facility system.

The city government brought out the guide for the first round in 2020, attracting CNY252.2 billion in investment since, with over 30 percent in private investment.

Shanghai should play the leading role in building the new infrastructure for investment, Gu Jun, deputy secretary-general of the municipal government and director of the Municipal Development and Reform Commission, said at the press conference to release the guide. It should encourage social capital to participate in investment and promote the construction of key future infrastructure facilities, including blockchain, industrial internet, computing power, robots, and the Internet of Vehicles, Gu added.

The city has initially planned major new infrastructure projects and development packages with a total investment of around CNY220 billion (USD30.1 billion), Gu noted. Based on that, it has selected 100 projects with about CNY120 billion of investment suitable for social capital participation, Gu pointed out.

The first round has achieved good results, Gu said. Shanghai has built and opened 88,000 5G base stations, ranking first in China by the ratio of 5G base stations to the total mobile phone base station, which stands at 37 percent, as well as in the construction density, which is 13.8 5G base stations per square kilometer, according to Gu.

The city takes the lead in the service capacity and innovation level of major scientific and technological infrastructure in China, and its computing power is among the leading in the country, Gu stressed.

Editors: Tang Shihua, Martin Kadiev