China will draft new policies to promote the development of the industrial internet — a tech frontier in which all major economies are scrambling to establish a beachhead — as it is widely seen as a cornerstone of the fourth industrial revolution, the country’s top industry regulator said on Thursday.
Zhang called on local governments to increase collaboration with his ministry and strengthen policy coordination and support such as funding, technology, talent, and data in order to continuously optimize the policy environment for the innovation and development of the industrial internet. Facing new situations, tasks and requirements, the ministry will draft new policies to promote the high-quality development of industrial internet, Zhang added.
