China’s digital economy is on the rise, and it’s making a big impact on the world! With initiatives like the “Digital Silk Road,” China is working with other countries to advance technologies like artificial intelligence (AI) and 5G networks.
Did you know that China’s digital economy reached about $7.5 trillion in 2023? That’s 42.8% of their entire economy! This growth isn’t just helping Chinese businesses—it’s opening doors for companies around the globe to enter the Chinese market more easily.
In the exciting field of AI, China is making huge strides. By the first quarter of 2024, China had developed 36% of the world’s large AI models, just behind the United States. This means more choices for people everywhere when it comes to cutting-edge technology.
China is also playing a big role in promoting global cooperation on data. They’re encouraging a world where data can flow securely and fairly across borders, helping everything from e-commerce to science thrive internationally.
By building a strong digital governance system, China aims to ensure that technological progress benefits everyone while keeping data safe. This commitment to openness and collaboration is helping to bring stability to the global digital economy.
As we move further into the 21st century, China’s focus on digital innovation is set to have an even greater positive impact on the world’s economic development.
Reference(s):
China's digital development brings certainty & stability to world
cgtn.com
