The value-added of China's digital economy hit 35.8 trillion yuan
($5.07 trillion) in 2019, accounting for 36.2 percent of GDP and a
proportional increase of 1.4 percentage points year-on-year, according
to a report released by the China Academy of Information and
Communications Technology on Friday.
The country's digital economy maintained rapid growth momentum last
year, seeing an increase of 15.6 percent from a year earlier. This shows
the digital transformation speed in various industries is gradually
accelerating, CCTV News said, citing Yu Xiaohui, deputy dean of CAICT.
Digital industrialization is developing steadily in China, with the
penetration rate of digital economy in service industry, industrial
engineering and agriculture industry reaching 37.8 percent, 19.5 percent
and 8.2 percent respectively in 2019, and the value-added of digital
industrialization reached 7.1 trillion yuan, an increase of 11.1 percent
The proportion of digitization in software and internet industries
continues improving, and data integration is key to promote industry
digitization development, the report said.
Currently, China has formed a relatively complete data supply chain,
and the data industry system in data collecting, data annotation, data
storage, business intelligent processing, data digging and analyzing,
data security and data exchange have also been formed. The country's
data management and data application capabilities are continuing to
improve, CCTV News said.
The digital economy can drive traditional industries to realize
transformation and upgrade. Moreover, it can reduce barriers during
information flow, as well as speed up resource elements to more
rationally flow between industries and regions.
Last year, the value-added of the digital economy in 12 provinces and
municipalities surpassed 1 trillion yuan, including Guangdong, Jiangsu,
Zhejiang, Shanghai, Beijing, Fujian, Hubei, Sichuan, Henan, Hebei, Anhui
The digital economy in Beijing and Shanghai occupies a dominant
position in the regional economy, accounting for over 50 percent of GDP.
Digital economy growth in Guizhou and Fujian is moving ahead of the
country's average, with a growth rate of over 20 percent in 2019.