The digital economy now accounts for one-third of China's total economic aggregate. And its further development will help the country seize the opportunities created by the Fourth Industrial Revolution and gain comparative advantages in international competition.

The global economy is undergoing restructuring, and there is a broad international consensus that emerging digital technologies can foster new economic growth points and create new competitive advantages. Given the advantage of a large-scale market, a complete industrial system, an innovation-led internet ecosystem and several other positive factors, developing the digital economy is an inevitable choice for China to adapt to and lead the global economic development trend.

Source: China Daily