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2024 Global Industrial Internet Conference opens in northeast China city, highlighting digital progress

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      China

      China

      2024 Global Industrial Internet Conference opens in northeast China city, highlighting digital progress

      2024-09-13 11:34 Last Updated At:15:37

      The 2024 Global Industrial Internet Conference opened in Shenyang City of northeast China's Liaoning Province on Thursday, unveiling the latest achievements in China's 5G, big data and other digital areas.

      The conference, scheduled to conclude on Saturday, focuses on digital transformation. It has brought together well-known exports, scholars and representatives of leading enterprises from both China and abroad to explore the trend in industrial internet innovation.

      The conference revealed that the number of 5G plus Industrial Internet projects in China has exceeded 14,000, with industrial internet integration across all 49 major national economic categories, achieving full coverage.

      Functions and structures of China's industrial Internet have both kept improving, and the value of core sectors in the area has exceeded 1.35 trillion yuan (about 190 billion U.S. dollars).

      Over 510 billion unique identifiers have been registered in the industrial internet, covering nearly 450,000 companies, facilitating their operations and connectivity.

      Approximately 340 industrial internet platforms, spanning comprehensive, specialized and niche services, are driving the sector forward. The development of the National Industrial Internet Big Data Center is picking up pace, amassing over 1.4 billion data entries, according to data released at the conference.

      The National Equipment Manufacturing Digital Supply Chain Platform was also launched at the conference.

      To date, the platform has gathered nearly 370,000 companies and 2.01 million active engineers, creating the nation's largest digital inventory of industrial products, which includes over 210 million digital items spanning key sectors such as machine tools, medical equipment and industrial robots.

      "The conference this comprises 22 special forums, events and exchange activities with the focus on cutting-edge technologies and emerging industries such as artificial intelligence and quantum technology. It is more market-oriented, professional and international. It highlights the transformation and upgrading of traditional industries with a new generation of information technology, aimed at achieving industrial upgrading through a dual promotion of technological innovation and industrial development," said Liu Wenqing, deputy director of the China Industrial Internet Research Institute, in an interview with China Central Television on the sidelines of the conference.

      2024 Global Industrial Internet Conference opens in northeast China city, highlighting digital progress

      2024 Global Industrial Internet Conference opens in northeast China city, highlighting digital progress

      2024 Global Industrial Internet Conference opens in northeast China city, highlighting digital progress

      2024 Global Industrial Internet Conference opens in northeast China city, highlighting digital progress

      2024 Global Industrial Internet Conference opens in northeast China city, highlighting digital progress

      2024 Global Industrial Internet Conference opens in northeast China city, highlighting digital progress

      Next Article

      Inbound tourism surge fuels consumption boom in Shanghai

      2025-01-20 20:03 Last Updated At:20:47

      The relaxation of visa restrictions by China has triggered a significant surge in international visitors to Shanghai, leading to a substantial increase in consumer spending, as local businesses adapt by upgrading their services to cater to the growing demand from international shoppers.

      Data from the Shanghai Municipal Commission of Commerce points to a notable uptick in inbound foreign trips and related consumption, spurred by the country's ever-growing visa-exemption scheme that grants visa-free entry to more nations and allows for longer stays.

      To capitalize on this trend, Shanghai has rolled out a range of measures to facilitate inbound travel and consumption. Currently, over 65,000 merchants across the city and more than 90,000 payment terminals accept foreign card payments, further strengthening the city's global appeal.

      In Lujiazui, a bustling financial and commercial hub, a popular mall has experienced a spike in foreign visits since the second half of 2024, especially in recent weeks.

      "Our data shows foreign currency spending has risen significantly by approximately 35 percent. Tourists from Japan, South Korea and Thailand contributed the most to this growth. As for merchants, many have introduced menus tailored for foreign customers. In terms of payments, we accept all credit cards, and we also offer foreign currency exchange services right here in our mall," said Zhou Jiaxuan, CEO of the mall's innovation department.

      For international shoppers like South Korean visitor Song Ye-jin, easy payment options have enhanced the overall experience.

      "I can pay using a QR code, which is very convenient. This has been a really happy trip," said Song.

      According to the Shanghai Municipal Bureau of Culture and Tourism, the city welcomed over six million inbound tourists in 2024.

      In November, China extended its visa-free policy to nine more countries including South Korea, further boosting inbound tourism. In December 2024 alone, Shanghai's Pudong Airport recorded over 130,000 entries and exits by South Korean passengers.

      Food, sports merchandise and trendy fashion products are among major attractions for foreign shoppers. At another mall on Nanjing Road, one of the city's busiest street, departure tax refunds for foreign travelers have surged by up to 300 percent compared to the same period last year, reflecting the growing spending power of inbound tourists.

      Inbound tourism surge fuels consumption boom in Shanghai

      Inbound tourism surge fuels consumption boom in Shanghai

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