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China’s Cabinet Plan To Boost Scale Of Digital Economy

China’s cabinet issued a plan on Wednesday for development of its digital economy, aiming to increase this sector’s share of national GDP by pushing tech like 6G and big data centres


China's official app for digital yuan is seen on a mobile phone placed in front of an image of the Chinese flag, Oct 16, 2020. Florence Lo, Reuters.

 

China’s cabinet issued a plan on Wednesday for the development of the country’s digital economy, aiming to increase the sector’s share of national GDP by pushing technologies like 6G and big data centres.

The State Council set several targets for 2025, namely the increase of the digital economy’s share of the national GDP from 7.8% in 2020 to 10% in 2025.

Other targets included accelerating the construction of big data centres and increasing the number of users of gigabit broadband, the fastest connection speed available, from 6.4 million in 2020 to 60 million in 2025.

The State Council also pointed out structural issues in China’s digital economy that needed to be addressed.

“The development of China’s digital economy also faces some problems and challenges: the lack of innovation capacity in key areas…data resources are huge, but the potential has not been fully released; the digital economy governance system needs to be further improved,” according to the plan.

 

• Reuters with additional editing by Jim Pollard

 

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China Speeds Up Construction of Data Centres

 

 

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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