‘Digital economy key for nation’s development’

FUZHOU: China will promote the digital economy as an important engine for economic growth and further deepen its integration with the real economy, said a senior official at the fourth Digital China Summit in Fuzhou, the capital of Fujian province.
Huang Kunming, a member of the Political Bureau of the Communist Party of China Central Committee, called for advancing the building of a digital economy that is high in standards and quality, stressing the role of information technology in promoting high-quality development in a keynote speech at the opening ceremony of the summit.
Huang, who is also head of the Publicity Department of the CPC Central Committee, said efforts should be made to strengthen innovation in science and technology to provide strategic support for China’s further opening-up.
The senior official also called for the development of smart cities and digital villages to provide more convenient and efficient digital services.
A report reviewing the country’s digital development in 2020 was released at the summit, highlighting China’s achievements in sectors such as 5G networks, big data, communications and artificial intelligence.
China has built the world’s largest 4G and optic-fiber networks, and the commercial use of 5G is on a fast development track, according to the report published by the Cyberspace Administration of China.
China’s digital economy remains a key pivot for the country’s economic growth. Last year, the added value of China’s core industries in the digital economy accounted for 7.8 percent of total GDP. Currently, the overall level of China’s digital economy ranks second in the world, the report said.
– The Daily Mail-China Daily News exchange item