Smart city investment set to top 2 trillion yuan by 2025

The accumulated investment in China's "smart city" effort is on track to exceed 2 trillion yuan ($322 billion) by 2025, fueled by a massive State-sponsored urbanization project, an industry report found on Wednesday.

China has the most ambitious digital-powered urbanization plan on the planet, but it should also be cautious of possible "resource waste" during the process, analysts warned.

The country's gross domestic product will be five times bigger than today's in 10 years, and more than 4 million jobs will be added because of smart city-related projects, said the white paper co-authored by IBM Corp and research firm IDC.