A roadmap to the digitization of China

A roadmap to the digitization of China has been revealed in the “14th Five-Year Plan” outline.

“Accelerating Digital Development and Building a Digital China” is listed as a separate chapter, emphasizing the cultivation and expansion of emerging digital industries such as artificial intelligence, big data, blockchain, cloud computing, network security,  building 5G-based applications, and industrial ecology.

Pilot projects are carried out in key areas such as smart transportation, smart logistics, smart energy, and smart medical care. Carry out the “cloud use data to empower intelligence” action, build a number of international-level industrial Internet platforms and digital transformation promotion centers in key industries and regions, and accelerate the digital transformation of industrial parks.

The main goal is proposed that the added value of the core industries of the digital economy will increase from 7.8% of GDP in 2020 to 10% by 2025.

The National Development and Reform Commission’s task force predicts that from 2020 to 2025, the total investment in 5G networks, artificial intelligence, industrial Internet, Internet of Things, data centers, cloud computing, and other key fields will be about 17.5 trillion yuan, with an average annual growth rate of about 21.6%.

Driving the upstream and downstream industries of the industrial chain to increase by about 2.8 trillion yuan, with an average annual growth rate of about 22.6%.

The China Academy of Information and Communications Technology predicts that the scale of the country’s digital economy will reach about 60 trillion yuan by 2025, accounting for more than 50% of GDP.

Hu Chao, secretary-general of the Beijing Youth Internet Association Blockchain Working Committee and vice president of Ouke Cloud Chain Group, predicts that the commercial value generated by blockchain alone will exceed 300 billion U.S. dollars in 2025 and is expected to reach 3 trillion U.S. dollars by 2030.

Elaine Li

Elaine Li

Elaine Li (李益楠) is Marketing Manager for the Chinese Market. With ten years of experience in the nuclear power market, Elaine is experts for the certification of safety equipment (HAF 604 and 601) and marketing intelligence.
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