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Industry

Integration of digital, real economy accelerates in China

April 16, 2019


Abstract : China's digital economy and real economy are integrating in a faster speed and digital economy has become an important area for the country to drive forward economic structural reform, reported Xinhua-run Shanghai Securities News Tuesday.

BEIJING, April 16 (Xinhua) -- China's digital economy and real economy are integrating in a faster speed and digital economy has become an important area for the country to drive forward economic structural reform, reported the Xinhua-run Shanghai Securities News Tuesday.

On a Monday-held symposium on social value of digital economic platforms, experts generally deemed value of digital economic platforms is mainly reflected by employment increases.

Jia Kang, chief economist of China Academy of New Supply-side Economics said digital economy helps bring up employment. Taking "Taobao villages" as an example, they bring not only E-commerce but also logistics and packaging clusters to these villages thus add, with relatively low costs, employment for service sector. A "Taobao village" here refers to a village whose household active online stores accounts for more than 10 percent of local households in China.

Different from the big companies in the past, digital platform firms like Alibaba Group can help propel forward a batch of small- and medium-sized enterprises, according to Jia.

From a different perspective, value of digital economic platforms can also be reflected in contribution to GDP.

Only in the digital economic era, express delivery industry can well develop and digital economy creates a giant market for the sector, said Xiang Feng, vice president of Shanghai YTO Express (Logistics) Co., Ltd. (Edited by Duan Jing, duanjing@xinhua.org)

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Keyword: digital economy

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