China unveils ‘Internet Plus’ action plan to fuel growth
China on July 4 unveiled its “Internet Plus” action plan, aiming to integrate the Internet with traditional industries, and fuel economic growth. The Internet Plus concept was first presented by Premier Li Keqiang in March this year when delivering the government work report.
The action plan will integrate mobile Internet, cloud computing, big data and the Internet of Things with modern manufacturing, to encourage the healthy development of e-commerce, industrial networks, and Internet banking, and to help Internet companies increase their international presence, Li said.
The campaign will be very important to creating a new engine for economic growth, said Premier Li.
According to the action plan, China will push forward the integration of the Internet and traditional industries, fueling its expansion from consumption industries to manufacturing.
The action plan maps development targets and supportive measures for key sectors, which the government hopes can establish new industrial modes, including mass entrepreneurship and innovation, manufacturing, agriculture, energy, finance, public services, logistics, e-commerce, traffic, biology and artificial intelligence.
“The government aims to further deepen the integration of the Internet with the economic and social sectors, making new industrial modes a main driving force of growth by 2018,” according to the action plan.
By 2025, Internet Plus will become a new economic model and an important driving force for economic and social innovation and development.
To this end, “China will solidify its development basis by promoting Internet technology, infrastructure, [while] tackling the technological bottlenecks of industries and strengthening risk control.”
