China to be bullish on IoT, AI & 5G in 2019

After the US and UK, China is where all the action is around the Internet of Things (IoT) and artificial intelligence (AI).

The Chinese have again re-affirmed their intentions of going full steam on AI, IoT, etc. A report in today’s South China Morning Post said China’s state planner had singled out AI, the industrial internet, IoT and 5G as part of its investment priorities this year as part the country’s efforts to “construct a new form of infrastructure”. It quoted Lian Weiliang, deputy head of China’s National Development and Reform Commission (NDFC).

Investing in this form of infrastructure is one of five priorities, he said. Putting technology-related investments at the top of the priority list underscores China’s efforts to transform from a capital- and labour-intensive manufacturing economy driven by foreign investment into an innovation-led, consumption-driven economy, said the news report.

Lian said China will make its investments more targeted and effective and refrain from resorting to massive economic stimulus, without specifying the size of the investment.

 

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