Industrial internet seen as being the key to Midea's business strategy

The industrial internet will help not only fundamentally change the manufacturing method at home appliances giant Midea Group, but will contribute to the upgrading and transformation of China's entire manufacturing industry, according to one of its leading executives.

"Undoubtedly, the industrial internet is the new trend in manufacturing and economic development," said Zhang Xiaoyi, vice-president of Midea.

Zhang made his remarks after Midea, based in Foshan in Guangdong province, launched a new industrial internet platform on Friday, as the company looks ahead to future sustainable business growth after 50 years of development.