China's digital economy has seen remarkable growth in recent years, positioning the nation as a global leader in technology and innovation. A recent report unveiled at the 7th Digital China Summit (DCS) in Fuzhou highlighted that China's advancements in digital infrastructure have propelled its computing power to an impressive 230 EFLOPS in 2023, securing the second spot globally.
This achievement underscores China's commitment to high-quality development, aligning with the ambitious goals set forth in the 14th Five-Year Plan. Rolled out by the State Council in 2022, the plan aimed to elevate the core digital economy industries' value-added output to 10 percent of GDP by 2025, up from 7.8 percent in 2020. Impressively, China met this target two years ahead of schedule, with the digital economy contributing 10 percent to the total GDP in 2023.
The Digital China Summit served as a platform to showcase these milestones, emphasizing the nation's rapid progress in areas such as AI, 5G, and other cutting-edge technologies. This surge not only boosts China's standing in the global tech landscape but also fosters an environment conducive to innovation, entrepreneurship, and sustainable economic growth.
As China's digital infrastructure continues to expand, it paves the way for emerging markets and startups to thrive, driving economic trends that resonate across the G20 nations and beyond. This dynamic development positions China as a pivotal player in shaping the future of the global digital economy.
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Digital boom elevates China to No. 2 spot in terms of computing power
cgtn.com
