The Chinese central government has issued a call for enterprises to focus more on innovations in hi-tech areas including 5G, big data, artificial intelligence and the blockchain as part of broader efforts to drive the development of China’s digital economy.
China’s Ministry of Commerce (MOFCOM) issued its “Notice on Accelerating the Establishment of Digital Commerce and Servicing the Establishment of New Development Conditions” (商务部办公厅关于加快数字商务建设 服务构建新发展格局的通知) on 28 January to the country’s province-level governments.
The Notice calls for “establishing a digital China and assisting the development of a digital economy,” as well as “comprehensively upgrading the digital, Internet and smart capabilities of the commercial sphere.”
Specific measures outlined by the Notice include:
- Driving digital consumption.
- Raising the “e-commerce” level of China’s agricultural sector.
- Accelerating the development of “Silk Road E-commerce.”
- Accelerating the establishment of an international rules-based system for e-commerce and the digital economy.
- Encouraging enterprises to actively develop applications and innovations of advanced technologies including 5G, big data, artificial intelligence, the Internet of Things and the blockchain in the commercial sphere.
- Optimising digital commerce public services.
- Improving e-commerce public service platforms.