Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Zhejiang reports 7.1-pct GDP growth, digital economy a highlight

January 28, 2019


Abstract : East China's Zhejiang Province recorded a GDP growth of 7.1 percent in 2018, with the digital economy as an important driving force.

HANGZHOU, Jan. 27 (Xinhua) -- East China's Zhejiang Province recorded a GDP growth of 7.1 percent in 2018, with the digital economy as an important driving force.

The per capita disposable income of urban and rural residents has grown by 8.4 percent and 9.4 percent, respectively, according to the government work report delivered at the ongoing annual session of the provincial people's congress.

The core industries of the digital economy witnessed a growth of 13.1 percent in added value, and 66 unmanned factories and workshops were built in the province last year.

In order to upgrade traditional industries, the province built 222 small and micro enterprises parks, added 16,000 industrial robots to factories and eliminated 1,733 companies with outdated production capacity.

The province is combining big data and artificial intelligence technologies with industry.

This year, Zhejiang will set up a digital economy industrial fund of 10 billion yuan (1.48 billion U.S. dollars). It also vows to build 100 unmanned workshops and factories, support 100 digital enterprises and promote the construction of 100 digitalization programs.

Scan the QR code and push it to your mobile phone

Keyword: China-economy Zhejiang-economy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial