China to build world-leading national laboratory for quantum information sciences



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China is planning to build a massive 100-billion-yuan national laboratory for #quantum information sciences, in order to establish itself as a leader in quantum information sciences.

The National Laboratory for Quantum Information Sciences, which will be spread across Shanghai and Beijing and cities in Anhui province, will focus on the frontier science and key technology of the second quantum revolution, and develop strategic emerging industries covering quantum communication, computation, and precision measurement, so as to become a pioneer in the global competition and future  development of QIS, news portal CBN reported.
The information was revealed at the 2018 International Conference on Quantum Cryptography in Shanghai in August.  The project has allegedly received 2 billion yuan in financial support from the city of Shanghai and Anhui province.
The conference marked the first time for China to hold such an influential international academic event in the field of quantum cryptography, boosting the development of the country’s quantum communications network.
QIS can further improve information security, computing speed, and measurement accuracy, as so to provide core strategic power for national security and sustainable development.
China has been leading the global quantum revolution after the successful launch of
the Quantum Experiments at Space Scale, the world’s first quantum satellite, and the construction of the 2,000-kilometer Beijing-Shanghai quantum communication line.The market volume of China’s quantum communication industry reached 18 billion yuan in 2017, and is expected to reach 32 billion yuan in 2018, with a year-on-year increase of 77.78%, according to data from Qianzhan Industry Research Institute, the
most influential industry research and innovation consulting brand in China.

People’s Daily, China

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