China’s digital economy reached about $6.3 trillion (45.5 trillion yuan) in 2021, accounting for 39.8 percent of the country’s GDP, according to a report released by the Chinese Academy of Cyberspace Studies.
The digital economy has become an important cornerstone of China’s stable economic development, said the report, released during the 2022 World Internet Conference (WIC) Wuzhen Summit, held in the water-town of Wuzhen in east China’s Zhejiang Province.
The summit also released another report titled ‘World Internet Development Report 2022, which said the added value of the digital economy in 47 countries around the world reached $38.1 trillion in 2021, an increase of 15.6 percent year-on-year.
The digital economy has become an important engine driving global economic recovery, the report said.
The Wuzhen summit was attended by more than 2,100 guests from over 120 countries and regions, both in person and online.
The reports, released for six consecutive years since 2017, are an important part of the summit.
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