China to spend 70,300 million dollars on smart cities

During the last months, China has been promoting the concept of smart cities, which implies integrating information technology with urban management and building low-carbon buildings. According to the Chinese Ministry, the government has designated 90 smart city model areas and is reviewing more applications.
Amidst the ongoing growing urbanization campaign, banks and investors will open lines of credit of at least 70,300 million dollars for smart city projects in China.

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