An Analysis of the Status of China’s Digital Economy and Infrastructure

Abstract

China’s digital economy, ranking second worldwide for many years, has become a major growth engine for the economy and promotes high-quality economic development. The increase of the digital economy size is driven by the industrial digitization and benefits from the construction of digital infrastructure. China leads the world in 5G, supercomputing, and navigation satellite system while also has the fastest-growing market of cloud computing service in the world. In the future, China should focus more on application of digital technology in production process instead of consumption process, narrowing the digital gap in different regions, and attaching importance to both the construction of hardware infrastructure and the development of underlying infrastructure technologies.