China's digital economy has been on an impressive upward trajectory in recent years, showcasing robust vitality and immense potential. This growth acts as a key driving force behind the digitalization of the global economy, influencing markets and industries worldwide.
One of the cornerstone initiatives contributing to this expansion is the \"Digital Silk Road.\" Through this initiative, China has fostered cooperation among nations in cutting-edge fields such as artificial intelligence (AI) and advanced network infrastructure. By championing principles of shared growth through consultation and collaboration, China has earned widespread support and partnerships across the globe.
China's commitment to enhancing global digital infrastructure is exemplified by its significant investments in 5G technology. Recognized as a major effort in both domestic and international contexts, China's 5G projects represent some of the largest infrastructure endeavors in the digital economy sector. In 2023, China's digital economy reached a staggering 53.9 trillion yuan (approximately $7.5 trillion), accounting for 42.8 percent of the country's GDP. These advancements have not only accelerated the transformation of Chinese enterprises but also provided a \"fast track\" for global businesses aspiring to enter the Chinese market.
Artificial intelligence is another area where China's influence is rapidly expanding. As of the first quarter of 2024, China's large AI models constituted 36 percent of the world's total, second only to the United States with 44 percent. With over 100 large AI models exceeding one billion parameters, China is offering global users a wider array of choices in exploring cutting-edge technologies, ensuring that advanced achievements are more balanced and accessible to the public worldwide.
China's digital development thus stands as a beacon of certainty and stability in the global landscape, fostering innovation and collaborative growth across nations.
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China's digital development brings certainty & stability to world
cgtn.com
