China sets five-Year targets for growth of digital sector
China unveiled a five-year plan for the growth of its digital economy until 2025 with a special focus on further upgrading the country’s digital infrastructure, increasing the role of data as a production element, and promoting the digital transformation of industries. The plan, which was released by China’s Cabinet, highlighted the role of the sector as a key force in reshaping the global economic structure and international competition. It sets out the target of having the core industries in the digital economy contributing with 10% of the gross domestic product (GDP), compared to 7.8% in 2020. The 14th Five-Year Plan (2021-25) underscores the importance of improving China’s innovation capacity in key technologies including sensors, quantum information, telecommunications, integrated circuits, key software, big data, and artificial intelligence (AI).
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.