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Digital economy embraces stupendous growth in Fujian

( chinadaily.com.cn )

Updated: 2019-04-29

Digital economy embraces stupendous growth in Fujian

Fujian's digital economy is valued at 1.42 trillion yuan in 2018, ranking it in seventh place nationwide. [Photo provided to chinadaily.com.cn]

Fujian's digital economy recorded 1.42 trillion yuan in 2018, ranking it seventh nationwide, according to a white paper on China digital economic development and employment recently released by the China Academy of Information and Communications Technology.

The figure also indicated year-on-year growth of 22.39 percent, the second fastest across the country, just following Guizhou province.

Fujian's industrial parks involved in the digital sector sustained strong momentum. They include the Digital Fujian (Changle) Industrial Park, the Digital Fujian (Anxi) Industrial Park, Fuzhou Software Park, Xiamen Software Park and Mawei Internet of Things Base, according to the report.

The integration of the internet with other industries has become a key driver bolstering transformation and upgrading of the real economy in the province.

In 2018, Fujian placed sixth in terms of comprehensive informatization levels in China. Its internet penetration ranked fourth while transaction volumes on cross-border and rural e-commerce platforms both ranked third.

Fujian has become a national pilot zone in the fields of electronic certificates and licenses, wireless government private networks, e-government, healthcare big data and the Belt and Road spatial information corridor.

Further growth of the digital economy in the province is foreseeable as the second Digital China Summit is slated to be held in Fuzhou from May 6 to 8.

According to a State Council Information Office press conference held in late March, around 400 digital economy projects were agreed upon during last year's summit, with a total investment of around 300 billion yuan ($44.7 billion), and nearly 200 of them have begun construction. Fujian is one of the prime investment destinations.

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