The Ministry of Industry and Information Technology and eight other ministries
issued implementation opinions to promote high-quality development of the
industrial internet. The guidance says it will further encourage
foreign-invested firms to participate and implement the catalog of industries
encouraged for foreign investment to attract more FDI into related fields. It
calls for deeper cooperation under the Belt and Road Initiative and BRICS
mechanisms on policy, infrastructure, technology, applications and standards,
promotes the Digital Silk Road, and urges use of multilateral and bilateral
channels for joint tech R&D and talent training. The document also promotes
treating data as an economic factor to unlock its value and optimize resource
allocation, and encourages capable firms to expand into international markets.
