智通财经网·2026-03-09 01:31Core Viewpoint - The report from China Galaxy Securities indicates that China's new infrastructure has evolved from "concept proposal" to "system planning," emphasizing efficient operation and systematic layout during the 14th and 15th Five-Year Plans, which will drive the robust development of the communication industry [1][3]. Group 1: New Infrastructure Development - The National Development and Reform Commission highlighted the need for coordinated and efficient use of new infrastructure, focusing on building strategic, application-supporting, and forward-looking major technological infrastructures [2]. - The 15th Five-Year Plan emphasizes "appropriate advanced construction of new infrastructure," establishing the core principles of "coordinated promotion and efficient utilization" [3]. Group 2: Communication Infrastructure and Growth Potential - China's information and communication infrastructure has a significant scale advantage, with 80.9% availability of 5G-SA mode by the end of 2025, leading internationally [4]. - In the computing network sector, the U.S. leads with 44% of global data center capacity, while China holds 26%, indicating a competitive landscape [4]. - The satellite internet sector shows a considerable gap, with the U.S. having around 10,000 satellites in orbit compared to China's 250-300, suggesting substantial room for growth [4].