May 8, 2021

China’s tech hub Shenzhen to invest US$108 billion in R&D over 5 years

Posted by in categories: economics, quantum physics, robotics/AI

Local media reports quoted Wang as saying that artificial intelligence, 6G, quantum technology, driverless vehicles, intelligent networks and other “frontier areas” would be the focus of Shenzhen’s investment plans, while the value of its digital economy would account for more than 31 per cent of GDP by 2025.

Money will be used to support innovation in core technologies, city’s Communist Party chief Wang Weizhong says.

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