Digital economy to be major driving force during 14th Five-Year Plan period
China is pushing forward the use of informatization within the 14th Five-Year Plan period (2021-25) with 6G technologies being a top priority, as the country boosts development of the digital economy as a new economic driver, government officials and industry experts said on Friday.
“China will accelerate the research and development of 6G technologies, the construction of the large-scale 5G network, as well as the large-scale application of Internet Protocol version 6－the latest worldwide modality aimed at making the internet bigger, faster and more secure,” Yang Xiaowei, deputy head of the Cyberspace Administration of China, said at a news briefing in Beijing.
“More efforts will also be made to fully release the vitality of data through speeding up the building of systems and standards to accommodate data flow, cross-border data transmission and data security protection. The digital economy can truly play its critical role nationwide,” Yang said.
The digital economy is a key focus in the 14th Five-Year Plan, and China aims to increase the share of the output of core industries in the digital economy in the country’s GDP to 10 percent by 2025.
“China will pay more attention to high-quality digital development in the coming years,” said Li Chao, chief economist at Zheshang Securities Co Ltd.
Li added that the latest government directive also singles out “digital China” as a standalone objective, reaffirming the nation’s strong determination to develop the digital economy to provide fresh economic impetus.
The comments came ahead of the 4th Digital China Summit, which will run from April 25-26 in Fuzhou, Fujian province, under the theme of “New Potential for Data and New Journey of Digital China”.