At the State Council executive meeting held on 19 Aug, Premier Li Keqiang called for boosting innovation and entrepreneurship as well as enhancing social governance leveraging on Big-data technology.
The Guideline is aimed at: (i) eliminating scenarios of “information vacuum”; (ii) accelerating the consolidation of various types of government information platforms; (iii) preventing repetitive construction and discrepancies in data; (iv) enhancing credibility of the government; and (v) encouraging the establishment of a society-wide creditinformation system. The Guideline has made the opening up of government data on livelihood fields (including transportation, healthcare, employment and social security) to the public its first priority. It also called for demonstration projects on the application of Big-data technology across urban construction, social assistance, quality & safety and social services fields, in order to improve China’s social governance. From this perspective, we believe industry players engaged in smart city, smart transportation and smart healthcare will benefit from the policy dividend. As such, ZTE Corp, the largest and most comprehensive participant in smart city fields amongst its industry peers, is likely to benefit the most.
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