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China's industrial internet sector is speeding up, and 5G has become an important driver for its rapid development, according to a top industry regulator on Monday.

China's leading online chronic disease management platform Medlinker announced Tuesday the establishment of a 500 million yuan ( million) investment fund that will focus on areas such as digital disease care solutions, innovative non-hospital healthcare services, smart medical devices, and testing and examinations.

China's manufacturing sector in March stayed above the boom-bust mark for the eighth month in a row, with traditional sectors like oil refining, coking and metal smelting witnessing robust growth, the National Bureau of Statistics (NBS) said.

China's machinery manufacturing sector saw an encouraging recovery in 2017 with the nation's 25 major machinery manufacturers reporting sales of 140,303 excavators in total, soaring 99.5 percent.

China's cross-border e-commerce sector has been growing exponentially over the past few years as the country's middle- and high-income shoppers are demanding increasingly diversified and personalized products and services.