Sino Thai asset allocation industry research series: [policy combing of Digital Economy]

Digital economy is an emerging economic form based on big data, intelligent algorithm and computing platform. After processing and analyzing big data, it serves the resource allocation, transformation and upgrading of all walks of life and promotes the high-quality development of economy. Generally speaking, digital economy can be divided into "digital industrialization" and "industrial digitization". The former refers to digital technology application enterprises; The latter refers to the transformation of traditional industries with digital technology, that is, digital transformation, which is specifically applied at the levels of industrial Internet, Internet of things and so on.

The top-down support of the policy is clear: "digital economy" has been written into the government work report for many times since it was first mentioned in the government work report in 2017; After the 18th National Congress, the development of digital economy has been upgraded to a national strategy; Local policies are suitable for local conditions. Beijing, Shanghai, Zhejiang, Guizhou, Guangdong, Guangxi and other places have proposed to strengthen the construction of digital infrastructure and promote the digitization of economy, life and governance; The industrial planning of digital economy during the 14th Five Year Plan period has also been implemented one after another.

In recent years, China's digital economy has achieved remarkable results. Data show that in 2020, the scale of China's digital economy reached 39.2 trillion yuan, accounting for 38.6% of GDP. The 14th five year plan and the outline of long-term goals for 2035 put forward to create new advantages of digital economy; The 14th five year plan for the development of digital economy puts forward 11 key construction projects from the aspects of infrastructure, data elements, digital industrialization and industrial digitization, and puts forward the objectives of achieving 10% of the added value of the core industries of digital economy in GDP by 2025, the preliminary establishment of the data element market system and the improvement of the digital economy governance system.

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