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Digital Decade China's digital economy has achieved leap-forward development

Date: 2022-10-24
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From 11 trillion yuan to more than 45 trillion yuan, the scale of China's digital economy has leapt to a new level in the past ten years, providing a powerful impetus for economic and social development.

In today's China, mobile payment has reached every corner of China, with an annual transaction scale of 527 trillion yuan. The world-leading mobile payment is profoundly changing everyone's life.

In the past ten years, China has built an advanced and complete digital industry system, with the core industry of computing power exceeding 1.5 trillion yuan, with an average growth rate of over 30% in the past five years, and the cloud computing market exceeding 300 billion yuan. 1.05 billion users access the Internet, forming the largest and most vibrant digital society in the world.

In this 5G fully connected factory, it only takes 38 minutes to change from a sheet of iron to a washing machine. Various digital technologies such as machine vision and virtual simulation are deeply embedded in every step of manufacturing. Smart factories like this are constantly emerging all over the country. In the past ten years, China's industrial digitalization has developed rapidly, and industrial Internet applications have covered 45 national economic categories, with an industrial scale of over one trillion and nearly 80 million industrial devices connected.

The remote pastoral areas are connected with 5G signals. Every day, herders can check the pasture and drink water for cattle and sheep on their home mobile phones. Sheep on the grassland have electronic files, and their specialties are sold all over the country. In the past ten years, China has built the largest information and communication network in the world. Today, in China, 1.968 million 5G base stations have covered all cities above prefecture level.


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