BEIJING, Jan. 14 (Xinhua) -- The upcoming 5G technologies for commercial use, featuring low latency, massive bandwidth and wide coverage, will accelerate the integration of finance and manufacturing industry in 2019, said Zhou Yanli, former chairman of China Insurance Regulatory Commission (CIRC), on the 2019 Made in China Forum (MCF) held in Foshan, South China's Guangdong Province last Saturday.
Zhou believes that the commercial operation of 5G services in 2019 will underpin the rapid development of such industries as the industrial Internet, intelligent manufacturing, IoV, driverless vehicles and smart city.
The digital transformation of the banking insurance industry will also enhance the manufacturing industry. Financial digitalization has a major impact on overall process of new energy vehicles (NEV) manufacturing including battery production, parts inventory, assembly line supplement, vehicle delivery, sales and customer consumption, Zhou noted.
(Edited by Wu Shuang, wushuang2018@xinhua.org)
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