News & Insights

China Subsidy Exchange

November 2, 2017

China Promotes Internet+ Manufacturing

The Executive Meeting of the State Council of China held on October 30, 2017 passed the Guidelines on Deepening “Internet+ Advanced Manufacturing” and Developing Industrial Internet, to promote revitalization, transformation, and upgrade of the real economy. The Meeting urges the construction and development of industrial internet and promotes the deep integration of new-generation information technology and manufacturing industry. The Meeting calls on the government to encourage private investment in “internet+ advanced manufacturing industry” via government funds and tax support. The Meeting also calls on the government to increase the support for basic internet construction and aims to essentially complete the next-generation internet upgrade and renovation to serve advanced manufacturing.