On May 6, China Business Network&39;s Daily Financial News featured Shanghai Electric which implements Shanghai&39;s Action Plan to Promote Online New Economy with smart technologies and digital tools.

The COVID-19 outbreak has plunged the global manufacturing sector into an unprecedented crisis. Faced with difficulties such as delayed return to work, blocked logistics, and the short supply of raw materials, manufacturers need to first think about how to improve product quality and production efficiency as they pursue transformation and development.

As a beacon in China&39;s equipment manufacturing industry, Shanghai Electric has stepped up innovation efforts in recent years. Besides online new tools like remote equipment diagnosis system, industrial Internet, and smart supply chain platform, several platform solutions are underway to empower more enterprises. As Shanghai releases its 23 measures to promote online new economy, Shanghai Electric will seize the opportunity to facilitate continuous iteration and update of SEunicloud. Shanghai Electric works to pursue its exciting transformation and at the same time drive the innovation of industrial Internet in Shanghai. In this way can the local manufacturing sector embrace its transformation and "Made in Shanghai" grow more competitive.

Huang Ou, President and Deputy Secretary of the Party Committee of Shanghai Electric, noted that Shanghai Electric is exploring new business models in the era of industrial Internet through "online new economy", and gaining forward-looking insights into intelligent manufacturing, smart energy, intelligent transportation, smart city, and new infrastructure. Shanghai Electric will also follow closely 5G which features high network speed, high capacity and low latency to open up a wider space for the application and development of industrial Internet.