China’s digital economy hits $6.7 trillion

(ECNS) — China’s digital economy grew from 11 trillion yuan ($1.64 trillion) to more than 45 trillion yuan ($6.7 trillion) from 2012 to 2021, ranking second in the world, and the proportion of its digital economy in GDP rose from 21.6% to 39.8%, according to data from the country’s Ministry of Industry and Information Technology.

By the end of May this year, China built the largest technologically advanced network infrastructure in the world, with optical networks built in all prefecture-level cities.

China’s gigabit users topped 50 million, 5G base stations topped 1.7 million, and 5G mobile phone users topped 420 million.

In 2021, the added value of the country’s electronic information manufacturing industry above the designated size increased by 15.7% from the previous year, with the growth rate reaching a new high in nearly 10 years old.

The income of enterprises in the software and computer services industry, as well as that of the Internet and related services enterprises, maintained a growth rate of 17.7% and 16.9%, reaching 9,499, respectively. 4 billion yuan and 1.550 billion yuan.

By the end of June this year, industrial Internet applications covered 45 major categories of the country’s economy, and the high-quality external network of industrial Internet covered more than 300 cities across China.

In 2021, China’s online retail sales of physical goods exceeded 10 trillion yuan for the first time, a year-on-year increase of 12%; its mobile payment services reached 151.228 billion times, an increase of 22.73% year-on-year.

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