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Li Peigen, academician at the Chinese Academy of Engineering, makes a keynote speech at the opening ceremony of the second Global Industrial Internet Conference (GIIC) held in Jiaxing on Sept 18. [Photo/cnjxol.com]

The second Global Industrial Internet Conference (GIIC) was held in Wuzhen, Tongxiang, a county-level city in Jiaxing, East China's Zhejiang province, on Sept 18, local media reported.

Li Peigen, academician at the Chinese Academy of Engineering, made a keynote speech entitled Experiencing industrial Internet at the opening ceremony, and Hong Jing, deputy secretary-general of the Chinese Institute of Electronics, published the White Paper on Innovative Development of Global Industrial Internet Platforms 2020 – Wuzhen Report.

An online exhibition was launched on the same day to enable people to explore the achievements made by the global industrial internet industry at any time of the day.

More than 200 companies are showcasing their latest products and technological systems at the exhibition.

The final round of the Global Industrial Internet Innovation and Entrepreneurship Competition 2020 was held on Sept 19, with the first prize award going to the intelligent cardiopulmonary rehabilitation equipment and system by Wuhan-based Wocaring and the short electric arc processing by Xi'an-based Jinhu.

Those who perform well will have the chance to become part of Tongxiang's talent program and receive an award of up to 6 million yuan ($886,380), while prize-winning projects can apply for Jiaxing's talent program to receive a subsidy of up to 10 million yuan.

Moreover, during the three-day event, a main forum, eight sub-forums, a series of seminars and project matchmaking meetings will be held.

"As the permanent site of the World Internet Conference, Tongxiang has stepped up efforts to make digital economy its most defining feature," said Sheng Yongjun, Party secretary of Tongxiang.

He added that the number of digital economy companies in Tongxiang has increased from 300 six years ago to more than 2,300 today, and the core manufacturing output of digital economy in the city has maintained an annual increase of 50 percent over the past three years.

Sheng noted that currently, the city is striving to develop into an innovation and talent hub and application demonstration area for industrial internet.