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Internet, IT key to industrial upgrades
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CHINA has reaffirmed the need to shore up manufacturing through Internet platforms and information technology to upgrade traditional industry.
Combining manufacturing with the Internet will help revitalize traditional industries and release more growth potential, according to a guideline document released by the State Council.
By 2018, 80 percent of manufacturing companies should build online platforms. By 2025, online infrastructure should be used throughout the industry, it said.
Last year, China unveiled the “Made in China 2025” blueprint, which aims to improve manufacturing and shift the country away from low-end manufacturing to value-added production.
Also last year, it announced the “Internet Plus” initiative to enable businesses to take advantage of the Internet.
The government has also pledged supportive policies in financing, taxation, land and human resources to develop Internet-based manufacturing.
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