SCO Digital Economy University Alliance launched
Li explained that the digital economy is fundamentally a market-driven process centered around data, encompassing the entire industrial chain of data generation, processing, storage, and application.
According to the Digital China Development Report (2024), the digital economy now contributes over 40 percent to China's GDP, with core digital industries accounting for around 10 percent.
"The entire digital economy industry is driving the country's economic growth," Li said. He highlighted that the development of AI technology and the widespread adoption of 5G have provided explosive growth opportunities.
"Although China started developing its digital economy relatively late, it is not lagging behind globally, mainly due to China's rich application scenarios and comprehensive industrial chain," he said.
- 360,000 foreign domestic helpers in Hong Kong make contribution to families, society
- Chongqing motorcycle expo attracts 86,000 on opening day
- China leads Asia with 16 spots in list of top 100 global education cities
- China's first UNESCO Category 1 Center established in Shanghai
- Two South China cities to suspend school, production in response to approaching typhoon
- Dongying advances ecological protection at Yellow River estuary
