Hangzhou, China – The value of China’s digital economy reached 45.5 trillion yuan (about US$6.3 trillion) in 2021, accounting for 39.8 percent of the country’s GDP, according to a report released by the Chinese Academy of Cyberspace Studies on Wednesday, Xinhua News Agency reported.
The digital economy has become a 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.
The summit also released the World Internet Development Report 2022 which revealed the digital economy in 47 countries reached 38.1 trillion U.S. dollars in 2021, an increase of 15.6 percent year-on-year.
Themed “Towards a Shared Digital Future in a Connected World — Building a Community with a Shared Future in Cyberspace,” this year’s summit was attended by more than 2,100 guests from over 120 countries and regions, both in person and online.
The reports have been released for six consecutive years since 2017 as an important part of the summit.
