Hangzhou’s Ambitious Plan to Build Future Industrial Development System

02/28/2023 10:50 • Daily Digest • 159 views

On February 28, Hangzhou recently released the 2023 government work report. The report points out that we should actively build a future industrial development system, accelerate the development of strategic emerging industries such as visual intelligence, cloud computing big data, high-end software, artificial intelligence, network communications, integrated circuits and other integrated clusters, and proactively layout emerging digital industrial clusters such as metauniverse, aerospace information, bionic robots, future medical care, flexible electronics and strive to create a national visual intelligence manufacturing innovation center. Deeply promote industrial digital empowerment, accelerate the digital transformation of traditional industries and small and medium-sized enterprises, create 2 provincial future factories, and cultivate 5 municipal chain main factories, 20 intelligent factories, and 50 digital workshops.

Hangzhou 2023 Government Work Report: Prospective layout of emerging digital industry clusters such as YuanUniverse

Interpretation of the news:

Hangzhou’s recent release of the 2023 government work report reveals an ambitious plan to build a future industrial development system. The report highlights the need to accelerate the development of strategic emerging industries such as visual intelligence, cloud computing big data, high-end software, artificial intelligence, network communications, integrated circuits, and other integrated clusters. The aim is to create a national visual intelligence manufacturing innovation center that will lead the way towards the future of industrial development in the country.

The report recognizes the importance of emerging digital industrial clusters such as metauniverse, aerospace information, bionic robots, future medical care, flexible electronics, among others, as key drivers of economic growth. The city will proactively layout these digital industrial clusters to promote innovation and technological advancements. With such clusters in place, Hangzhou will attract high-tech enterprises and talent, spurring economic growth through innovation.

The government work report goes on to emphasize the need for industrial digital empowerment. It recognizes the significant role of digital transformation in traditional industries and small and medium-sized enterprises. To promote digital transformation, Hangzhou plans to create 2 provincial future factories, 5 municipal chain main factories, 20 intelligent factories, and 50 digital workshops. These factories will introduce digital technologies to traditional manufacturing processes, improving efficiency and output.

Hangzhou’s vision for the future extends beyond the realm of industrial development. In line with its ambition to promote technological innovation, the city plans to cultivate a culture of innovation and entrepreneurship. To achieve this, the city will establish an innovation and entrepreneurship ecosystem, further promote talent attraction, and provide a favorable business environment.

In conclusion, Hangzhou’s 2023 government work report sets out a vision for the future of industrial development in China. The city aims to create an innovation-driven economy built on emerging digital industrial clusters and strategic emerging industries. The proposed plan for industrial digital empowerment is also a crucial step towards realizing this vision, as it promotes the adoption of digital technologies and facilitates the transformation of traditional industries.

Overall, the report emphasizes the city’s determination to promote technological innovation and entrepreneurship and lays the foundation for the future economic growth of Hangzhou and China.

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