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Cornerstone Blog The digital economy grows by 9.7%

The digital economy grows by 9.7%

May 12, 2021 by Cornerstone International Group Leave a Comment

China’s digital economy maintained a high growth rate of 9.7 percent in 2020

amid the coronavirus pandemic and global economic downturn,

said a white paper on China’s digital economy development released on Sunday.

The growth rate of the digital economy was more than three times that of the GDP,

playing its pivotal role in spurring economic development, according to the paper.

The paper was issued by the China Academy of Information and Communication Technology

at the fourth Digital China Summit in Fuzhou, capital of southeast China’s Fujian Province.

It also shows that the scale of China’s digital economy reached 39.2 trillion yuan (US$6 trillion) last year,

accounting for 38.6 percent of the gross domestic product,

which effectively supported epidemic prevention and control, as well as economic development.

The digital economy in Beijing and Shanghai both accounted for more than half of its regional GDP.

Read the full article here…

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Filed Under: Cornerstone Blog Tagged With: #digitaleconomy

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