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Policy

China makes efforts to promote development of digital economy

September 26, 2018


Abstract : Chinese authorities have recently unveiled a guideline to support the development of digital economy, according to the National Development and Reform Commission (NDRC), China's top economic planner, on Wednesday.

数字经济

BEIJING, Sept. 26 (Xinhua) -- Chinese authorities have recently unveiled a guideline to support the development of digital economy, according to the National Development and Reform Commission (NDRC), China's top economic planner, on Wednesday.

It will accelerate the construction of digital infrastructure, and focus on the development of information technology industries such as the Internet, Internet of Things, big data, cloud computing and artificial intelligence, to cultivate new points for economic growth.

Meanwhile, the country will deepen the integration of the digital technology and manufacturing industry and vigorously develop core industrial software.

In order to facilitate the financing environment for development of the digital economy, China will deepen the reform on National Equities Exchange and Quotation (NEEQ), known as the "new three board", steadily expand the scale of innovative startups' bonds on a trial basis, and support the private equity and venture capital funds to invest in the digital economy, according to the guideline. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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Keyword: China-digital-economy

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