Digital economy now key to high-quality development

The digital economy has become an important driver of China's high-quality development, and the country's industrial policies have accelerated the application of the digital economy in various fields.

In terms of macroeconomic policies, a report to the 20th National Congress of the Communist Party of China emphasized the importance of expanding domestic demand and deepening supply-side structural reform.

From an industrial perspective, current construction of "new infrastructure" has laid a solid foundation for the rapid development of digital industries. The "new infrastructure", which was first proposed during the Central Economic Work Conference in 2018, includes 5G base stations, ultra-high voltage power facilities, high-speed railways, new energy vehicle charging piles, industrial internet, artificial intelligence and big data centers.