Event Highlights Digital Transformation – Chinadaily.com.cn

An employee works on the production line of a semiconductor manufacturer in Binzhou, Shandong Province. [Photo by Chu Baorui/For China Daily]

China will accelerate the upgrade of traditional industries through digital transformation and promote the integration of the digital economy with the real economy.

This effort will be part of China’s drive to promote high-quality digital economy development, officials and experts said at the 2022 Global Digital Economy Conference in Beijing on Friday.

More efforts are needed to accelerate the innovation of digital technologies and the construction of information infrastructure such as 5G, gigabit optical networks, artificial intelligence and the Internet of Things to give new impetus to the digital economy, said Cao Shumin , deputy head of the Cyberspace Administration of China, at the conference’s opening ceremony.

Cao called for promoting the industrialization of digital technologies and the digital transformation of industries, strengthening the deep integration of the digital economy with the real economy and promoting new industries, new business formats and new models.

As the digital economy is an important hub for economic growth, Cao underlined the need to improve the digitization of public services and the governance system of the digital economy, strengthen international cooperation and exchanges on the digital economy and build a community in to build with a shared future in cyberspace.

Xu Kemin, chief economist of the Ministry of Industry and Information Technology, said additional efforts are needed to achieve breakthroughs in key and core technologies, focusing on strategic border areas, to promote the digital transformation of the manufacturing industry and improve the rules and regulations. to improve. regulations related to the development of the digital economy.

The digital economy is booming all over the world right now. In China, new industries and business forms are being stimulated by innovative digital technologies such as big data, cloud computing and artificial intelligence. They find a wide range of applications in various industries and integrate with the real economy.

The size of China’s digital economy reached $7.1 trillion last year, the second largest in the world, according to a white paper released by the China Academy of Information and Communications Technology, a government think tank.

Beijing Mayor Chen Jining said the national capital will build digital industrial clusters with global competitiveness, boost the application of digital technologies in various industries, promote the development of intelligent cities, transportation and healthcare, and create new types of consumption scenarios. promote.

Beijing has made great strides in developing advanced technologies such as big data, cloud computing and artificial intelligence, with the added value of the digital economy reaching 1.6 trillion yuan ($237.4 billion) in 2021, accounting for 40.4 percent of Beijing’s GDP.

Companies around the world are accelerating their digital transformation. Crawford Del Prete, president of global market research firm International Data Corp, said: “The IT industry is scaling like never before. 2021 was the first year of double-digit spending growth in more than 20 years. Real GDP was global. about 6 percent in 2021 and IT growth was about 11 percent growth.”

Zhou Hongyi, founder of cybersecurity company 360 Security Group, said cybersecurity needs to be upgraded to digital security. While the digital economy can offer new development opportunities, it also brings new cybersecurity challenges. Data security is more important than ever before, Zhou said, calling for more efforts to address the new issues.

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