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Fujian spearheads digital economy

( chinadaily.com.cn )

Updated: 2018-04-10

Fujian spearheads digital economy

China's National Healthcare Big Data Demonstration Center based in the Binhai New City in Fuzhou, Fujian province [Photo/ Fuzhou Daily]

Eastern China's Fujian province strides steadily in digital economy spearheaded by Fuzhou, its capital city, as the whole country is rapidly seeking better economic growth via technological innovation and applications.

Statistics show that the scale of digital economy in Fujian reached 1 trillion yuan in 2017, accounting for nearly one-third of the region's gross domestic gross (GDP).

According to a report released by the Tencent Research Institute, Fuzhou, in 2017, ranked 9th in terms of digital economy development nationwide, the only city in Fujian on the top 10 list.

The city's digital economy mainly highlights two parts, namely the internet of things and big data.

Fuzhou is now home to a 60 billion yuan ($9.1 billion) IoT industry with more than 100 businesses and 700 patents, accounting for three quarters of the total in the province, statistics show.

Based in its Mawei district, an IoT industrial cluster, covering every part of the industrial chain, is the fourth of its kind in China, following previous IoT-focused hubs in Wuxi, Jiangsu province; Hangzhou, Zhejiang province; and Chongqing.

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