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China is accelerating its efforts to develop the industrial internet and build more lighthouse factories to inject new vitality into its industrial economy, enhance the competitiveness of its manufacturing sector, and empower the digital economy. Haier Group has invested heavily in the industrial internet to develop COSMOPlat, which is designed to customize products quickly and boost productivity. Six Haier factories have been included in the Global Lighthouse Network, an initiative launched by the World Economic Forum in collaboration with McKinsey, and have seen improved productivity and reduced energy consumption.
