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Impressive Results in the Integrated Development of China's Digital and Real Economies

By Qiu Ping Source: Updated: 2024-02-22

A more consolidated foundation for integrated development

We have built the world's largest mobile communication and fiber optic networks with comprehensive coverage and cutting-edge technology. More than 3.05 million 5G base stations have been constructed, while the overall computing power of data centers in use has exceeded 197 EFLOPS. In mobile communication, China has taken the leap from making breakthroughs in 3G technology to achieving parity in 4G and leading the way in 5G. The effects of large-scale rollout of emerging technologies such as AI, big data, and cloud computing have become increasingly evident.

Core digital economy industries have expanded at an accelerated rate. Revenue from software operations nationwide has increased from 2.5 trillion yuan in 2012 to 10.8 trillion yuan in 2022, registering an annual average growth of 15.8%, and the scale of core Industrial Internet industries now exceeds 1.2 trillion yuan.

Deeper and more expansive integration

As of June 2023, the numerical control rate of key processes and penetration rate of digital R&D and design tools in industrial enterprises reached 60.1% and 78.3%, respectively. These figures represent increases of 33.1 and 26.4 percentage points respectively over 10 years.

More than 240 Industrial Internet platforms have been built, and Industrial Internet applications have been integrated into 45 major sectors of the national economy.

Digital technologies have spread from auxiliary fields to core areas, with new forms and models of business such as digital management, platform design, intelligent manufacturing, network collaboration, and personalized customization all flourishing. Nearly 8,000 digital workshops and intelligent factories have been built nationwide, and the levels of intelligent manufacturing in China’s petrochemicals, dyeing and printing, and home appliances sectors are among the most advanced in the world.

Constant improvements to the policy environment

A series of laws and regulations, including the Cybersecurity Law and the Data Security Law, have been promulgated, and policy documents on digitalization and enterprise data management have been issued one after another. Initial steps have been taken to develop foundational data systems concerning property rights for data resources, data trading and circulation, cross-border data transfers, and data protection. We have moved faster to develop a market for data as a production factor and continued to strengthen our capacity to ensure cyber and data security. International cooperation in the digital economy sphere has also been deepened.