Policy increases, digital economy scale may reach 80 trillion yuan in the next 5 years

2025-01-09

Recently, multiple departments such as the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the National Data Administration have been working intensively to accelerate policy deployment, deepen the integration of data and reality, develop and strengthen the data industry, and activate the driving force of digital economy development. Industry research predicts that with the continuous improvement of the digital real integration system and deeper industrial practices, the scale of China's digital economy is expected to exceed 80 trillion yuan by 2030. From the recent deployment of departments to localities, the integration of data and reality, digital transformation of manufacturing industry, etc. have become key words for developing and strengthening the digital economy. The recently held National Conference on Industry and Information Technology clarified the deployment of 2025 work tasks, promoting the deep integration of information technology and industrialization, adhering to the coordination of "point, line, and surface", accelerating the full coverage of digital transformation of industrial enterprises above designated size and specialized, refined, and new small and medium-sized enterprises, formulating digital transformation guidelines for key industries with "one industry, one policy", and building 200 high standard digital parks within three years. Jiangsu Province recently held a provincial conference on industrial and information technology work, proposing to focus on promoting the digital transformation of the manufacturing industry by 2025. Deepen the implementation of the new three-year action plan for "smart transformation from digital to networked", build a gradient construction system for smart factories, and accelerate the "smart transformation from digital to networked" of the manufacturing industry. Zhai Gang, Director of the Department of Economy and Information Technology of Sichuan Province, stated that by 2025, the "Artificial Intelligence+Manufacturing" action will be deeply implemented, an industrial intelligence innovation center will be built, the development and application of industry models will be deepened, standard setting and high-quality dataset construction will be carried out, and efforts will be made to double the number of smart factories and digital workshops, and the CNC rate of key processes will be significantly improved. At the same time, recent policies have been intensively introduced to upgrade network infrastructure, enhance industry empowerment capabilities, and clarify development goals for the next few years. Twelve departments have issued the "5G Scale Application 'Sail' Action Upgrade Plan", proposing to fully achieve 5G scale application by the end of 2027. The Ministry of Industry and Information Technology issued the "Implementation Plan for Building" 5G+Industrial Internet "512 Project Upgrade", proposing to build 10000 5G factories by 2027; The three departments have issued the "Implementation Guidelines for Digital Transformation of Manufacturing Enterprises", clarifying the key points and strategies for digital transformation of different types of enterprises, and forming differentiated transformation implementation plans. Research suggests that the high-level development of the integration of data and reality will continue to drive the development of the digital economy. The "Top 10 Trends of Information and Communication Technology (ICT) Industry in 2025" recently released by the China Academy of Information and Communications Technology shows that the integration of data and reality will continue to unleash demand potential. It is expected that by 2030, the scale of China's digital economy will exceed 80 trillion yuan. The total factor productivity of digital technology will continue to improve Wang Zhiqin, Vice President of the China Academy of Information and Communications Technology, stated that it is expected that during the 15th Five Year Plan period, the average contribution of total factor productivity of digital technology to economic growth will increase from 22.5% in the past four years to 23.2%, becoming an important driving force for accelerating the cultivation of new quality productivity. While deepening the integration of data and reality, the data industry is expected to become a new growth point in the digital economy. Recently, the "Action Plan for the Development of Trusted Data Space (2024-2028)", "Opinions on Promoting the Development and Utilization of Enterprise Data Resources", "Guiding Opinions on Promoting the High quality Development of the Data Industry", and "Guidelines for National Data Infrastructure Construction" have been successively issued and implemented, aiming to form a policy synergy to promote the development of the data industry and data market. International research institutions predict that for every 10% increase in data flow, it will drive a 0.2% increase in GDP, and the average promotion rate of data flow on profit growth in various industries is around 10%. Promoting the construction of a trustworthy data space and developing the data industry are both ways to cultivate new growth points Chen Ronghui, Deputy Director of the National Data Administration, stated that the relevant deployment proposes to form no less than 100 data space solutions and best practices by 2028, which will drive the expansion of infrastructure construction investment. By 2029, the annual compound growth rate of the data industry scale will exceed 15%. At the same time, we will focus on promoting the integration and development of the data industry with data intensive industries such as autonomous driving, embodied intelligence, and low altitude economy, accelerating technological innovation in the integration of data and intelligence, and accelerating the layout and seizing development opportunities in future industrial competition. The market supply of data elements is active, and the dual demand of institutions and industries activates value Gao Yingmai, Deputy Director of the Institute of Information Technology and Software Industry at the China Academy of Electronic Information Industry Development, stated that with the deepening of the market-oriented allocation reform of data elements, more fields and places will actively explore the implementation plans of data infrastructure systems, fully release the development needs of public data authorization operation, trustworthy data space construction, and "data element X" scenario innovation, and further stimulate the vitality of the big data industry. (New Society)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Economic Information Daily

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