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Caixin Global
Caixin Global

Business Brief (July 1): China Aims for 50,000 Industrial 5G Private Networks

United States Apple Standard Chartered Tata Electronics

Industrial internet goals

Eight government departments, including the Ministry of Industry and Information Technology, issued a document to promote the development of the industrial internet. The guidelines set a target for 2030 to build 50,000 industrial 5G private networks and push the value-added output of core industries past 2.5 trillion yuan. The document also emphasized deepening the integrated application of AI and the industrial internet.

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