Xinhua News Agency, May 16, at the 2023 Huawei Cloud City Summit, Zhang Xiuzheng, vice president of Huawei and president of Huawei Cloud China, said that the digitization of industry will be the main force and engine for the development of digital economy. Facing the great-leap-forward development in the future, industrial digitization is also faced with the problems of how to give full play to data value, how to transfer from commercial value flow to product life cycle flow and manufacturing flow, and how to accelerate product innovation and quality upgrading. At the site of the summit, the industrial digital innovation consortium of applied modern industrial alliance, jointly sponsored by Huawei Cloud and Yibang Power, Guolian shares, AVIC supply chain, Yimu Technology, Zhaopin and data interconnection, was officially established.