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Chinese Digitalization and Innovation
Tim Luan, Director of Innoway. Beijing Innovation AgencySince the 19th Communist Party of China National Congress, General Secretary Xi Jinping has made a series of important speeches on accelerating the development of digital economy. "Building a digital economy with data as the key element and accelerating the construction of digital China" has become a national strategy. In this context, China's digital economy experienced a rapid development with the optimization of digital industrial structure, reaching 31.3 trillion yuan in 2018, accounting for 34.8% of GDP. From 2003 to 2018, the growth rate of China's digital economy was significantly higher than that of GDP in the same period.
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