Digital Economy Makes 67.7% Contribution to Chinese GDP Growth

The digital economy accounted for over two-thirds of China’s GDP growth in 2019 according to the latest raft official data.

Yang Xiaowei (杨小伟), deputy-chair of the Cyberspace Administration of China, said that the added value of the digital economy was 35.8 trillion yuan in 2019.

This amount comprised 36.2% of China’s GDP, and made a 67.7% contribution to the Chinese growth rate.

Yang made the remarks at the Digital Construction Summit (数字中国建设峰会) held in Beijing on 17 September.

According to Yang the added value of industrial digitisation accounted for 80.2% of the digital economy, serving as a key driver of the high-quality of growth of Chinese industry.

China’s ranking in the Global Innovation Index published Cornell University, INSEAD and the World Intellectual Property Organisation was 14th in 2019, for a rise of three places compared to the year previously.

China’s ranking in the United Nations’ E-Government Development Index (EGDI) rose to 45th, from 65th in 2018.

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