🌟【视频跟读文稿电子版+音视频下载+百种英刊电子版等资料获取：见评论区置顶】【含中英文、英文、无字幕版本】
美银大中华区首席经济学家乔虹解读中国未来五年约25万亿元人民币的六大网络投资计划，涵盖能源、算力、通信、物流、水利和城市基建。她指出，在房地产与地方基建投资持续疲软、民间信心不足的背景下，中央举债与政策性贷款将成为主要资金来源，AI相关投资有望在一两年内抵消房地产拖累，并带动制造业、就业与消费。
Bank of America's Greater China chief economist Helen Qiao discusses China's plan to invest about 25 trillion yuan over five years in six infrastructure networks spanning energy, computing, telecom, logistics, water and urban projects. With property and local infrastructure investment weakening, she says central government borrowing and policy loans will drive funding, while AI investment could offset the property drag within a year or two.
