China sees high-quality development of digital economy
According
to experts, China’s digital economy is moving into a period of high-quality
development as it expands in size, thanks to the rapid growth of innovation in
investment, as well as the accelerated construction of new information
infrastructures such as 5G technology and industrial internet.
China's
digital economy has grown into a major arena of high-quality development. According
to the China Academy of Information and Communications Technology (CAICT), the
value of China’s digital economy surged from less than 150 billion yuan ($22.3
billion) in 2002 to 31 trillion yuan ($4.63 trillion) in 2018, growing 208
times in 16 years. The compound annual growth of 38 percent is far higher than
the GDP growth.
Last
year, multiple provinces and regions of China have issued plans and guidance on
digital economy development. Sun Ke, director of the CAICT Digital Economy
Research Institute, noted that digital economy development in China features
rapid growth, strong impetus, large scale and optimized structure, adding that
the next few years would be a critical period for the digital sector.
CAICT
statistics indicated that China spent 1.2 trillion yuan on the research and
development of the digital economy in 2017, twice the amount of that in 2011.
According
to China’s Ministry of Industry and Information Technology, information
infrastructure construction is a major focus this year. Previously, the
National Development and Reform Commission also said that the department would
enhance the development of artificial intelligence, industrial internet, and
the Internet of Things in 2019.
China
currently has 1.31 billion broadband users, and 98.6 percent of its citizens
are mobile internet users. It has laid a solid foundation for the future
progress of China’s digital economy.
In
such a competitive environment, the expansion of mobile internet and broader
penetration of internet would gradually create new bonuses for regional digital
economy development, said An Hui, deputy chief engineer of the China Center for
Information Industry Development.
(Source:
People's Daily Online )
On March 21, 2019, the 27th China International Radio and TV
Information Network Exhibition was held in Beijing. The visitor experiences
stereoscopic video based on 5G technology through VR and AR equipment. (Photo
by Chen Xiaogen from People’s Daily Online)
China sees high-quality development of digital economy
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