Digital economy to account for 10%of fresh output in nation by 2025

Digital economy will become a key ingredient of national strategy during the 14th Five-Year Plan period (2021-25), researchers and entrepreneurs in the technology sector said.

Through its newly released outline of the 14th Five-Year Plan, a document charting the country's development course for the next five years, Beijing is eyeing to have digital economy, largely synonymous with the enhancement of traditional industries through digital tools, account for around 10 percent of its newly added economic output by 2025.

Based on the latest blueprint, China will give digitalization full play, leveraging the troves of data and the wealth of application scenarios to enhance its merger with the real economy, enable the upgrade and transformation of traditional industries and foster new industries and new business models.