Growth role of digital economy emphasized _china.org.cn - China.org.cn

Visitors ticker a robot's swordsmanship astatine a subject and exertion depository successful Xiamen, Fujian province. [Photo/Xinhua]

Related stocks surged connected Thursday arsenic the integer system was highlighted successful aggregate section governments' plans for boosting maturation successful 2023.

Shares of astir 10 companies, including China National Software and Service Co, surged by the regular bounds of 10 percent connected Thursday, showcasing investors' optimism toward the improvement of the integer system successful 2023.

China's integer system is expected to surpass 60 trillion yuan ($8.84 trillion) by 2025, according to a forecast by the China Academy of Information and Communications Technology, a authorities deliberation tank.

Shanghai and provinces specified arsenic Zhejiang, Fujian and Hebei person mapped retired their tasks for economical improvement this year. They prioritized the improvement of the integer system and called for efforts to marque blueprints for aboriginal industries, specified arsenic the metaverse, an immersive virtual satellite facilitated by virtual world and augmented reality.

Zhang Yunming, vice-minister of manufacture and accusation technology, precocious called connected telecommunications companies specified arsenic China Mobile, China Unicom and China Telecom to beef up the operation and exertion of caller infrastructure, deepen efforts to beforehand an innovation-driven improvement strategy, and beforehand the integration of the integer and existent economies.

By the extremity of 2022, much than 2.3 cardinal 5G basal stations had been built successful China, and the state boasts a capableness to link implicit 500 cardinal households with a gigabit optical network, information from the Ministry of Industry and Information Technology shows.

Moreover, the integer connections for the mobile net of things successful China reached 1.84 cardinal successful 2022, making China the archetypal large system successful the satellite to person much mobile IoT connections than the fig of its mobile users, according to the ministry. The net of things refers to a web of devices, vehicles and different objects that incorporate bundle oregon sensors allowing them to link and speech data.

China's mobile IoT connections relationship for 70 percent of the world's full and person covered the 45 large categories of the nationalist economy, said Zhao Zhiguo, spokesperson for the ministry.

Wang Zhiqin, vice-president of the China Academy of Information and Communications Technology, said China has built a bully telecom infrastructure, which volition laic a dependable instauration for the high-quality improvement of China's integer economy.

Previously, China's integer system was chiefly driven by consumer-oriented net applications similar e-commerce, but present business-oriented applications similar concern net are playing a importantly bigger role. This shows that improvements person been made successful the integer economical structure, Wang said.

The marketplace size of China's integer system reached 45.5 trillion yuan successful 2021, the world's second-largest aft lone the United States, according to a study released by the Cyberspace Administration of China.

Vice-Premier Liu He said successful a code astatine the World Economic Forum's yearly gathering successful Davos, Switzerland, connected Tuesday that China "must ever marque establishing a socialist marketplace system the absorption of our reform. We indispensable fto the marketplace play a decisive relation successful resources allocation, (and) fto the authorities play a amended role.

"Some radical accidental China volition spell for the planned economy. That's by nary means possible," Liu added.

The comments were successful enactment with the tone-setting Central Economic Work Conference, which ended successful December and emphasized that it is important to enactment "unswervingly" to consolidate and make the nationalist assemblage and to encourage, enactment and usher improvement of the backstage sector.

Xu Yan, vice-president of Tencent Holdings, said: "In caller years, we person profoundly felt that the authorities has stepped up efforts to make a first-class concern situation for backstage companies. Tencent volition ratchet up efforts to thrust the integration of the existent and integer economies via innovation."

Xu said the institution has invested 150 cardinal yuan successful probe and improvement implicit the past 3 years.