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Business/Finance See other Business/Finance Articles Title: Internet to transform China's industrial sector Want... China's State Council or cabinet has unveiled a plan to upgrade its manufacturing sector with the help of the internet, Shanghai's China Business News reports. The State Council called a meeting Wednesday in which it announced that it will step up efforts to push the first of a series of 10-year initiatives to upgrade its manufacturing sector by 2025. The initiatives will focus on 10 areas–internet technology, high-end digital machine tools and robots, astronautical equipment, marine engineering equipment and advanced shipping, advanced rail systems and other transportation facilities, energy-saving cars or vehicles powered by alternative energies, electrical equipment, bio-medicine and advanced medical equipment, and agricultural machinery. The initiatives will ensure information technology is widely applied in the industrial sector and will encourage manufacturers to upgrade their technology to improve their products and cut pollution. The use of Internet for Industry will help boost businesses' efficiency by 20%, cut costs by 20% and reduce carbon emissions by 10%, according to reports by official media outlets. The development of Internet for Industry is expected to generate 3 trillion yuan (US$480 billion) in economic growth in the next 20 years for China, the reports added. An executive from the Haier Group, a Chinese multinational consumer electronics and home appliances manufacturer, told the paper that his company is using the internet to mass-produce customized products to better serve customers. The group is exploring technology that can link customers to robots on the assembly line, the official told the paper, citing as an example a case in which a customer might want to have a specific image printed on a beverage bottle and could do so by sending the image via the internet to a robot in the factory, which would then produce the finished item. The initiatives are being rolled out at a time when the value of Chinese products is declining and the market is being overrun by Chinese-made counterfeits and poorly made goods. China outperformed other countries in terms of quantity in its shipbuilding industry in 2014, producing 681 boats weighing a combined 36.3 million tons deadweight, but it lost to South Korea in the value of its products. An official from a marine engineering company suggested that China should produce more advanced vessels such as LNG carriers to add value to its products. In terms of electrical equipment, Premier Li Keqiang has expressed hope that China can export more of its electrical equipment. China has unveiled a plan detailing its objectives in the field of energy-saving cars or vehicles powered by alternative energies. The country expects to sell 500,000 electric and hybrid cars by 2015 and to increase this number to over 5 million by 2020. Various carmakers and even internet companies have made inroads into this field. Following hybrid cars, BYD will launch three SUVs running on alternative energy this year. LeTV Internet Information and Technology Corporation, Baidu and Tencent Holdings have all entered the field of electric vehicles. Poster Comment: the official told the paper, citing as an example a case in which a customer might want to have a specific image printed on a beverage bottle and could do so by sending the image via the internet to a robot in the factory, How about that for progress. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Tatarewicz (#0)
Intriguing sort of like ordering postage stamps with your face on them. Do you suppose all this possible, even imminent? How will it affect amerikan life?
Fewer clerical jobs, more with high tech training.
is that good? I honestly can't tell.
Obviously good ONLY IF we replace money with a merit system wherein everyone gets the basics of food, shelter and medical; everything beyond basics depends on merit points earned in production of wealth, needed services, innovation and education and training achieved to meet future needs.
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