(ATF) – China’s Ministry of Industry and Information Technology (MIIT) has launched a nationwide scheme to promote 5G, artificial intelligence and blockchain projects in the country.
Companies can apply to register their high technology projects as “showrooms” for other industry players in the country to take references, the MIIT said in a statement. Applicants must be locally-registered companies with good social responsibility practices and relatively high capabilities in technological services and innovations, it said.
Each province or autonomous region can recommend up to 10 high technology projects, which can be learned, replicated and promoted by other provinces, it said.
The scheme is aimed at improving the quality of consumer products, enhancing innovation and improving the consumption environment in China. It was expected to help boost consumption demand in the country and stabilize local economies.