China's $1.5T Infrastructure: 770,000km of Underground Pipes & AI Chip Surprise

Bullish · $601186.SS · $601390.SS · $601117.SS · $601868.SS · $601800.SS

What Happened

China's Ministry of Housing announced a massive '15th Five-Year Plan' to build/renovate 770,000 km of urban underground pipelines and 115,000 old residential communities, while Alibaba's T-Head launched a new AI training/inference chip.

Bottom Line

Broker turns bullish on construction SOEs and AI infrastructure plays, citing policy-driven demand recovery and tech breakthroughs.

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