Industry events
On January 12, the State Council issued the 14th five year plan for the development of digital economy (hereinafter referred to as the “plan”) to make a comprehensive plan for the healthy development of digital economy during the 14th Five Year Plan period; On January 16, Qiushi magazine published Xi Jinping chairman’s important article “constantly strengthening, optimizing and expanding China’s digital economy”, which pointed out that the development of digital economy is of great significance and is a strategic choice to grasp the new opportunities of a new round of scientific and technological revolution and industrial reform.
The digital economy in the 14th five year plan has a clear goal, and the Internet industry has ushered in a new stage of development
The plan clearly adheres to the four principles of innovation leading and integrated development, application traction and data empowerment, fair competition, safety and order, systematic promotion and collaborative efficiency. By 2025, the added value of core industries of digital economy will account for 10% of China’s GDP, the scale of software and information technology services will reach 14 trillion yuan, and the scale of e-commerce transactions will reach 46 trillion yuan, The data element market system has been preliminarily established, the digital transformation of industry has entered a new level, and the digital economy governance system has been improved. In 2035, the development level of digital economy will rank among the top in the world. It is planned to optimize and upgrade digital infrastructure, give full play to the role of data elements, promote industrial digital transformation, accelerate digital industrialization, and continuously improve the digital level of public services Eight key tasks include improving the digital economy governance system, strengthening the digital economy security system, and effectively expanding international cooperation in the digital economy.
Among them, the plan clearly strengthens antitrust and prevents disorderly capital expansion, promotes the standardized and healthy development of platform economy, encourages and supports Internet platforms and industry leading enterprises to open digital resources and capabilities based on their own advantages, help enterprises and small and medium-sized enterprises realize digital transformation, and guide Internet enterprises to help industrial digital transformation and upgrading.
Developing digital economy is a national strategy, and Internet technology promotes the transformation and upgrading of traditional industries
The article defines the national strategic position of digital economy, proposes to continuously strengthen, optimize and expand China’s digital economy, focus on strengthening key core technology research, accelerating the construction of new infrastructure, promoting the integrated development of digital economy and real economy, promoting the development of digital industry in key fields, standardizing the development of digital economy, improving the governance system of digital economy Actively participate in the seven major directions of international cooperation in the digital economy, use new Internet technologies to transform and upgrade traditional industries, and promote the deep integration of the Internet, big data and artificial intelligence with industries.
Investment advice
The national strategic position of digital economy is clear, and all kinds of Internet innovations are supported and affirmed. In the new era of digital economy development, Internet supervision continues to be fair and orderly. New Internet technology has become an important starting point for enabling the upgrading of traditional industries. Through Beijing Vastdata Technology Co.Ltd(603138) and scene advantages, it promotes the deep integration of digital economy and real economy, and the industry ushers in major development opportunities. In our 2022 strategy, we clearly put forward the main line of industrial Internet investment. Internet leaders with deep integration of industries and leading hard technology layout are expected to fully enjoy the policy dividend. It is suggested to pay attention to high-quality Internet leading enterprises Alibaba, Tencent holdings, meituan, etc
Risk tips
Macroeconomic downturn; The implementation of policy planning is less than expected; Stricter industrial policies, etc
