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[La economía de China se mantiene firme en 2020]Strong digital economic growth has become a new driving force for economic recovery
Editor’s Note: Faced with the complicated domestic and international environment, China has struggled to achieve the “double victory” of epidemic prevention and control and economic and social development in 2020. As the only major economy in the world to achieve a positive growth, China’s economy will continue to recover steadily in 2020 and inject greater certainty into the world. The special end-of-year article of the Economic Voice of China Central Radio and Television “China’s Economy Stops in 2020” recounts the extraordinary 2020 of China’s economy. This issue is launched: “The digital economy is growing strongly, becoming a new engine of economic recovery.”
CCTV, Beijing, December 28, According to a report by Voice of Economy of China Central Radio and Television, “How is your seasickness now?” “I feel better …” Department of Neurology, Beijing Xuanwu Hospital, this is not ordinary Instead of seeing a doctor on the spot, it is a video consultation.
“This is 72-hour leak-proof, high temperature resistant, thick water cup. If you order now …” Xiazhu Village, Jiangbei, Yiwu City, Zhejiang Province, this is not about on-site sales, but the most popular live promotion today.
In 2020, when the new corona pneumonia epidemic arrives, all walks of life are accelerating the digitization process and policies have been introduced to support the development of the digital economy. The Communist Party of China Central Committee and the State Council issued the “Opinions on Building a More Perfect Factor Market Allocation System and Mechanism” and proposed tasks such as accelerating the cultivation of data factor markets. The National Development and Reform Commission and 13 other departments issued joint opinions and, for the first time, clearly proposed 15 new business formats and new models.
The digital economy, represented by a host of new business formats and new models such as online education, internet healthcare, live e-commerce, and remote office, has developed strongly and is particularly striking, becoming into a new driving force for China’s economic recovery. The “China Internet Development Report 2020” shows that in 2019, the scale of China’s digital economy reached 35.8 trillion yuan, accounting for 36.2% of GDP. This number is forecast to exceed 40 trillion yuan in 2020. Sun Ke, director of the Digital Economy Research Department at the China Academy of Information and Communication Technology, said that the digital economy has become the leading driving force of China’s economic growth. “During the epidemic, the contribution of the digital economy to the entire Chinese economy may exceed 70%,” he said.
Wang Changlin, dean of the China Academy of Macroeconomics, said that historically, many crises have accelerated innovation and technological advancements. “This epidemic will further accelerate the application of our new technologies such as 5G, Internet of Things and artificial intelligence in various domestic economic production, circulation and consumption linkages, and will play a greater role in promoting high-quality economic development.” , analyzed Wang Changlin. .
“I am currently connected via China Mobile’s 5G signal, and Mount Everest is behind …”
On April 30, 2020, China built the world’s tallest 5G base station on Mount Everest. At present, China has built a total of 718,000 5G base stations and has the largest 5G network in the world. By the end of May 2020, China’s fiber optic network has fully covered urban and rural areas, with fiber optic users accounting for 93.1%, ranking first in the world. As 5G and other next-generation information technology applications continue to deepen, the digitization of the industry is accelerating.
“Here’s our high-speed spinning. Through 5G technology, we can monitor if there are any deviations in between. Without 5G, this kind of large-scale computing power would be impossible.” At a textile factory in Tongxiang, Zhejiang, Employee Wang Huicheng presents the “5G Smart Workshop”. This company uses robots to monitor production through “5G + Industrial Internet”. Wang Huicheng said, “Our production capacity has expanded rapidly and tripled in three years, from 2.7 million tons to 10 million tons, saving about 1 billion in labor costs every year.”
Digital technology is building a new industrial form and China’s digital economy is showing great resilience and great potential. In the first three quarters of 2020, the added value of high-tech manufacturing increased by 5.9% year-on-year. The information technology and software services industry achieved revenue growth of 11% year-over-year. Among them, revenue from big data services and cloud services increased 16% and 7% respectively.
Ba Shusong, executive dean of the HSBC Financial Research Institute at Peking University and chief economist of the China Banking Association, said the digital economy will provide new impetus for the sustained recovery of the Chinese economy. He analyzed: “(The digital economy) has also become a link that connects the internal and external cycles. The increase in GDP caused by Internet-related inputs and industrial applications from 2019 to 2024 is expected to account for 13% of the increase. GDP overall. Digital industrialization shaped by your investment in the digital economic ecology to drive related investments has slowly become a very important force driving economic growth. “
Reporter: Li Shuo Huang Rui
