Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China: Did Sichuan Forget to Tell Chongqing About Their Joint Olympic Bid?
Alibaba’s Healthcare Unit Finds Tonic for Profits
Trending in China: Beijing Tackles Parking Shortage With Shared Spaces
Chinese Wireless Telecoms Operators Join Forces to Build 5G Base Stations to Reduce Costs
Ruhnn, Another U.S.-Listed Chinese Company Looks to Go Private
Unicorns surge to 500 in number as US and China account for 70%
Trending in China: Social Media Comes Out in Support of High Quality Fakes
Xiaomi-Backed IoT-Enabled Appliance Maker Sees Revenues Grow While Profits Slump
Chinese Startup WeRide Reports Promising Robotaxi Results
Trending in China: God recalls his hand – tributes to Maradona from Chinese social media after his death
Tesla to Manufacture Electric Car Chargers in China
China Restricts Livestreaming Spending and Blocks Underage Users from Tipping Performers
TikTok Granted One-Week Extension of Forced-Sale Deadline
Chinese Online Language Educator 51Talk Speaks the Language of Profit
Trending in China: Are Elderly ‘Collateral Damage’ in Increasing Technological Cashless World?
Trending in China: Black and White ‘Little Miracle’ Born to 22-Year-Old Panda in Washington
Facing U.S. Sanctions, Huawei May See Global Smartphone Share Slump to 4% in 2021
Chinese LGBTQ Dating App Owner BlueCity Acquires Youth-Focused Gay Platform Finka
Xiaomi-Backed Smart Wearables Maker Huami Sees Profits Slump Despite Revenue Growth
Baidu Maps Illegally Using Other Chinese Firm’s Mapping Info, Court Finds.
Beijing Outlines Plans for Yangtze Delta Tech Hub

By Matthew Walsh / Dec 02, 2019 04:38 PM / Politics & Law

Photo: VCG

Photo: VCG

The Yangtze delta, one of China’s most economically advanced regions led by the financial hub of Shanghai, could soon become a major engine in the country’s high-tech ambitions. That’s the picture emerging from a newly published central government plan to further develop a grab-bag of high-tech industries in the region.

While low on specifics, the document, co-published by the Central Committee of the Chinese Communist Party and the State Council, the country’s cabinet, is chock full of the latest high-tech buzzwords. It outlines a blueprint to transform the area into a research and development hub for big data, cloud computing, blockchain, internet of things, artificial intelligence, and satellite navigation technologies, especially smart vehicles and self-driving cars. 

Basic infrastructure, including 80% 5G coverage, will be completed by 2025, according to the document.

The area specified in the plan comprises Shanghai as well as cities in the three eastern provinces of Jiangsu, Zhejiang, and Anhui. In 2016, the State Council agreed in principle to require the region to build “a group of world-class cities with global influence” by 2030.

Sunday’s announcement came as the Shanghai municipal government said it will beef up support for its tech industry by encouraging financial institutions to extend credit lines to local firms in the hope they will eventually list on the city’s Nasdaq-like tech board.

Contact reporter Matthew Walsh (matthewwalsh@caixin.com)

Related: Shanghai Lets Tech Firms Apply for Loans by Pledging Patent Rights

Share this article
Open WeChat and scan the QR code