
Zhejiang sets R&D spending target of $60B to boost innovation
The initiative lays out 16 measures spanning corporate R&D, innovation platforms and commercialization, with a focus on making companies the main drivers of innovation.

The initiative lays out 16 measures spanning corporate R&D, innovation platforms and commercialization, with a focus on making companies the main drivers of innovation.

The province’s core AI sector generated more than 700 billion yuan in revenue in 2025, up 20% from a year earlier.

The launch signals a shift from isolated trials to coordinated deployment in urban traffic management.

Time cited Alibaba’s expanding full-stack AI capabilities—from chips and cloud infrastructure to models and applications—as a key factor behind its inclusion.
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The feature, launched April 27, lets users upload a single image and explore a dynamically generated 3D environment for up to 60 seconds, navigating it using game-style controls.

The city trails only Beijing in total computing capacity, according to industry data, reflecting the capital’s concentration of national-level data centers and research institutions.
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The collaboration spans the full AI stack, including data processing, model training, inference acceleration and application deployment.

The blueprint, part of a broader “AI plus manufacturing” initiative, aims to build a coordinated innovation system spanning core technologies, product supply and service ecosystems.

The action plan focuses on “full-scene openness,” meaning AI will be applied across every aspect of the manufacturing process.

The exhibition comes as Zhejiang cements its status as one of China’s most advanced industrial ecosystems.