China’s digital economy hits $7.1 trillion: Whitepaper_English Channel_CCTV (cctv.com)

BEIJING, July 30 (Xinhua) — China’s digital economy will reach US$7.1 trillion in 2021, according to a white paper on the global digital economy.

The country’s digital economy accounts for more than 18 percent of the top 47 countries included in the white paper, ranking second only to the United States, according to the white paper released on Friday by the Chinese Academy of Information and communications technology was released.

The digital economy is a key force driving China’s economic development. The white paper shows that the average growth rate of China’s digital economy was 15.9 percent from 2012 to 2021, and the share of the country’s digital economy in GDP rose from 20.9 percent to 39.8 percent.

According to the study, Germany, Great Britain and the United States rank in the top three in terms of the share of their digital economy in GDP with over 65 percent. In terms of growth rate, Norway’s digital economy grew 34.4 percent year-on-year, the fastest in the world.