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Zhejiang's development powers ahead

By Ma Zhenhuan in Hangzhou Source: China Daily Updated: 2022-07-26


Children display their paper-cutting artworks themed on the Asian Games in Huzhou, Zhejiang, in April. [Photo by Zhou Hongfeng/For China Daily]

Wang sees digital platforms as empowering the development of the real economies of micro, small and medium-sized enterprises, and improving their production efficiency.

In the digital era, companies should make innovation a top priority and use innovation-driven strategies in the digital economy to shift from quantitative growth to high-quality development, according to Dong Yunting, director of the expert committee at the China Federation of Electronics and Information Industry.

As a pioneering province in the development of the national digital economy, Zhejiang has firmly grasped the historical opportunity presented by the scientific and technological revolution and also by the industrial transformation in the past five years, especially since it was cleared for the creation of the first lot of national digital economy innovation and development pilot zones.

The Digital Zhejiang concept was proposed as early as 2003, with continuous efforts made toward that goal by the government since then. Last year, Zhejiang authorities began the province's digital reform and invested 149.55 billion yuan in digital economy projects.

According to Yao Gaoyuan, director of Zhejiang's Economic and Information Department, the province will work toward raising the value of its digital economy to 7 trillion yuan and raise that of its core industries to 1.6 trillion yuan in the next five years. Zhejiang will also focus on making breakthroughs in high-performance professional chips, intelligent systems and supercomputing.

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