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China is expected to become the next digitized global leader
Jan 08, 2018

China is expected to become the next digitized global leader

"The United States ridden a ride, China catches up, European Baotuan heating." The Global Digital Economy Competitiveness Index (2017) report (hereafter "the Report") describes the current distribution of the global digital economy.

According to the report, the United States tops the global digital economy competitiveness ranking with a clear advantage of 85.89 points, followed by China in second place.

According to a study by McKinsey Global Institute, the Chinese economy is expected to play a leading role in the next round of data globalization.

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The 19th National Congress of the Communist Party of China pointed out that the digital economy is becoming a new economic form and promoting the quality change, efficiency change and power revolution of the global economic development.

China's digital economy has great potential

In recent years, the global digital economy has enjoyed rapid growth with a growth rate far higher than the growth rate of GDP over the same period. Statistics show that in the United States, the digital economy grew by 6.8% in 2016 and GDP grew by 1.6% in the same period; Japan's digital economy grew by 5.5% while its GDP grew by 0.9% over the same period; the UK's digital economy grew by 5.4% GDP growth rate of 2%; China's digital economy growth rate as high as 16.6%, ranking first in the world, significantly higher than the same period GDP6.7% growth.

In the future, the innovative practice of China's digital economy will be more colorful and provide China's experience and China's solution to the global economic development.