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Policy brief

July 27, 2018


Abstract : Policy brief

China to promote dev. of artificial intelligence in medical equipment -- China's Ministry of Industry and Information Technology (MIIT) will work with other departments to promote the development of artificial intelligence (AI) in medical equipment, according to Xin Guobin, vice minister of MIIT, quoted by the Xinhua-run cnstock.com. Xin said that AI is becoming a new engine for promoting supply-side structural reform, and a new opportunity to revitalize the real economy. Members of the alliance should strengthen international cooperation and exchanges, promote the improvement of medical service level, and share the development results of AI technology.

China to improve fiscal, financial policies to boost real economy -- China will better utilize its fiscal and financial policies to support the expansion of domestic demand, structural adjustment and boost the development of the real economy, according to a government meeting. Measures will be taken to promote effective investment focusing on addressing inadequacies, gathering more momentum and improving people's livelihood, according to the State Council's executive meeting on July 23. China will keep its macro policies stable, refrain from resorting to a deluge of strong stimulus policies, and the government will exercise targeted and well-timed regulation in the face of external uncertainties to make sure the economy performs within a reasonable range, the meeting said.

N. China’s Shanxi accelerates green transformation of traditional industries -- North China’s Shanxi Province will promote traditional industries such as metallurgy, electric power, chemical, building material and coking to be more environment-friendly for green development, according to an implementation plan recently released by the local authorities. The plan proposed that by 2020, energy consumption per 10,000 yuan (about 1,500 U.S. dollars) of GDP in Shanxi will drop by 15 percent, and the comprehensive utilization of solid waste such as coal gangue, flyash, desulfurization gypsum and smelting slag will reach 130 million metric tons (tonnes).

China supports Hainan to build modern integrated transportation system -- China supports its Hainan Province to accelerate the construction of a modern integrated transportation system and promote the green development of the transportation, according to an implementation plan released by the Ministry of Transport, quoted by the Xinhua-run cs.com.cn. According to the plan, Hainan will compile a medium- and long-term development plan for a comprehensive transportation system. The province will enhance its hub status, focus on airports and ports to build cities such as Haikou and Sanya into integrated transportation hubs, and increase the international air routes. In addition, Hainan will speed up the promotion and application of new energy vehicles and energy-saving and environmentally-friendly vehicles, actively guide the use of the new energy vehicles for rental services, and ensure that proportion of the new energy vehicles in the newly-added and replaced buses can reach 80 percent by the end of 2019.

China to foster 10 cross-industry industrial Internet platforms by 2020, MIIT -- China will cultivate about ten cross-industry and inter-industry industrial Internet platforms and a number of enterprise-level industrial Internet platforms for specific industries and specific regions by 2020, according to the guidelines about construction and promotion of the industrial Internet platforms released by the Ministry of Industry and Information Technology (MIIT) on July 19. China will formulate standards for industrial Internet platforms and bring them in line with the international standards, said the MIIT. Meanwhile, it will strengthen management of the industrial Internet platforms, promote interconnection of data and services of the platforms, conduct platform operation analysis and dynamic monitoring, and improve the platform security guarantee system.

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