China’s digital economy more than quadruples in past decade

Xinhua 4th June 2023, 02:44 GMT+10BEIJING, June 3 (Xinhua) — China’s digital economy logged rapid expansion in recent years, with its scale increasing from 11 trillion yuan (1.65 trillion U.S. dollars) in 2012 to over 45 trillion yuan in 2021, official data showed. The proportion of the digital economy in China’s GDP rose from 21.6 percent to 39.8 percent in the period, according to the Ministry of Industry and Information Technology. China has sped up digital infrastructure construction. By the end of May, the country had built the world’s largest and technologically advanced network facilities, covering prefecture-level cities with fiber-optic networks and having 1.