China

China's digital economy hits 45 trln yuan: Report

Nepalkhabar

13:39PM Nov 10,2022 | Beijing

The 2022 World Internet Conference Wuzhen Summit opens in Wuzhen, east China's Zhejiang Province. (Photo: Xinhua)

The value of China's digital economy reached 45.5 trillion yuan (about 6.3 trillion U.S. dollars) in 2021, accounting for 39.8 percent of the country's GDP, according to a report released by the Chinese Academy of Cyberspace Studies.

The digital economy has become an important cornerstone of China's stable economic development, said the China Internet Development Report 2022, which was released during the 2022 World Internet Conference (WIC) Wuzhen Summit, held in the water-town of Wuzhen, in east China's Zhejiang Province.

In addition to the above report, the summit also released another report titled "World Internet Development Report 2022."

It says the added value of the digital economy in 47 countries around the world reached 38.1 trillion U.S.

dollars in 2021, with an increase of 15.6 percent year-on-year.

The digital economy has become an important engine driving global economic recovery, said the report. (Xinhua)

China's digital economy hits 45 trln yuan: Report

Nepalkhabar

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