Toward a Digital China Through Digital Economy

Abstract

In the era of digital economy, whoever seizes the digital economy will seize the first opportunity. This chapter summarizes the development process of China’s digital economy and the overall digital scale of the information industry so far. It examines both the universal features and unique aspects of China’s digitalization process. The concept of digital economy has four meanings: digital industrialization, industry digitization, digital governance and data value. Digital economy has become the key driving force of global economic growth. In 2019, the scale of digital economy in 47 countries around the world reached US $31.8 trillion, accounting for 41.5% of GDP, and the average nominal growth rate was 5.4%. Under the situation of increasing downward pressure on the global economy, the sustained, stable and rapid development of digital economy has become an important driving force for stable economic growth. In the future, with the continuous innovation of digital technology, accelerating the integration of traditional industries, the role of digital economy in promoting economic growth will become increasingly prominent. Big data, artificial intelligence, cloud computing and other new-generation information technologies are fully integrated into various fields of consumption at a faster speed. With the continuous acceleration of digitization, networking and intelligence, many new formats have been cultivated to accelerate the release of information consumption demand.