China unveils plan to transform manufacturing sector with internet of things
- China plans a hi-tech transformation of manufacturing to offset rising production costs and consolidate its position in global supply chains
- Beijing will help modernise the sector with advancements in 5G, cloud computing and IoT, the government said on Thursday
Beijing is looking to sharpen the global competitiveness of “Made-in-China” products with a new plan to accelerate the use of information technology in traditional manufacturing sectors.
The country will embark on a technology-driven transformation of manufacturing to offset rising production costs and consolidate its position as the world’s workshop, according to the 2021-23 action plan unveiled by the Ministry of Industry and Information Technology on Thursday.
“The next three years will be a rapid growth period for the industrial internet,” the ministry said in an online statement. “[We] must make great efforts to address deeply buried difficulties and pain points to push forward the digitalisation of industries and digital industries as well.”
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After selecting four national pilot projects and 258 smaller demonstration projects in its 2018-20 plan – worth a combined investment of nearly 70 billion yuan (US$10.8 billion) – the government’s new initiative will strengthen infrastructure through deep technology penetration and building 30 factories fully connected by 5G technology in 10 key industries.
