China's 1 Trillion Infrastructure Investment

China is ramping up its infrastructure spending.

These Are the Megaprojects in China’s $1 Trillion Infrastructure Plan

China is pumping trillions of yuan into infrastructure investment, stimulus that could benefit the world’s second-largest economy well beyond this year’s gloom of Covid lockdowns and property market turmoil.
Beijing is making 6.8 trillion yuan (about $1 trillion) of government funds available for construction projects, according to Bloomberg calculations based on official announcements. Total spending could be even higher than that — three times that amount, by some estimates — once bank lending and corporate funds are added.
In the near term, infrastructure investment could give a boost to employment, providing much-needed relief to millions of jobseekers hit by the downturn. Over the longer-term, the stimulus helps China’s ambition of becoming a more urbanized, high-income economy that’s better able to compete with the US in high-tech areas like semiconductors.
Whether the projects are a success or end up as white elephants will help determine the outlook for China for years to come.
Here’s a guide to where the funds are going.

Link below it worth a read.
https://www.bloomberg.com/news/features/2022-08-25/how-china-will-spend-1-trillion-on-infrastructure-to-boost-economy?srnd=premium-asia&sref=HEGLxPRc