China’s digital economy is 27.2 trillion yuan (about 4 trillion US dollars) in 2017, accounting for 55 percent of the country’s total GDP growth, according to a report released at the Fifth World Internet Conference, Thursday.
The report pointed out that information technology plays a greater role in human life, driving innovation and rapid development.
The global digital economy reached $ 12.9 trillion in 2017, with China and the United States the largest contributor. At the same time, the total volume of electronic commerce in the world increased to US $ 2.3 trillion, driven by emerging markets including Asia, Latin America, the Middle East and Africa.
The report also shows that China has begun to modernize its Internet infrastructure this year, increasing cybersecurity and a more prosperous Internet culture.
As of June, China has been among the top five countries in terms of fourth-generation mobile users, while China’s fifth-generation R & D team has been among the highest in the world. On the other hand, according to the report, China also has the largest market for e-commerce in the world.