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Beijing unveils multiple policies to promote digital economy development

September 08, 2020


Abstract : Beijing unveiled a series of policies to boost the development of digital economy and digital trade on Monday, reported the Xinhua-run cnstock.com.

digital economy.jpg

BEIJING, Sept. 8 (Xinhua) -- Beijing unveiled a series of policies to boost the development of digital economy and digital trade on Monday, reported the Xinhua-run cnstock.com. 

According to the action plan on promoting the innovative development of digital economy (2020-2022), Beijing will strive to build a mechanism in a systematic manner, and focus on infrastructure construction, digital industrialization, industrial digitalization, digital governance, data value and digital trade.

Nine key projects including infrastructure guarantee projects, digital technology innovation projects, digital industry collaborative upgrading projects, digital transformation projects on agricultural, industrial and service sectors will be implemented during the period. 

By 2022, the added value of digital economy in Beijing is expected to account for 55 percent of its GDP. Beijing will be built as a pioneer and demonstration zone for the development of national digital economy.

Based on the implementation plan on the establishment of a digital trade pilot zone in Beijing, efforts should be made to realize a safe and orderly flow of cross-border data, explore rules, innovate policy measures and break system bottlenecks .

The implementation plan on the establishment of Beijing International Big Data Exchange clarifies that the bourse is positioned as an authoritative data registration platform, a widely recognized data trading platform, a data operation platform covering the whole chain, a data-centered financial innovation service platform, and a new technology-driven data fintech platform.

Xiang Ligang, director-general of the Information Consumption Alliance, said that Beijing has inherent advantages in developing digital economy. 

In 2019, the added value of digital economy in Beijing took up over 50 percent of its GDP, ranking the first in the country. Cloud computing, big data, artificial intelligence, blockchain, network security and other related technology reached the advanced level in the country. 

Li Daokui, director of the Academic Center for Chinese Practice and Thinking (ACCEPT) of Tsinghua University, believed that digital trade will become the highlight to show high-quality opening-up of China's service trade under the new development pattern known as "dual circulation." (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

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Keyword: digital economy

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