Integration of digital, real economy creates impetus
4 months ago

Integration of digital, real economy creates impetus

China Daily  

China will make more efforts to facilitate the deep integration of the digital economy and the real economy, in order to advance new industrialization and deliver greater impetus to the nation's economic growth, said a top official and experts. In an article published on Tuesday in People's Daily, Jin Zhuanglong, minister of industry and information technology, said it is necessary to place the deep integration of the digital and real economies in a "strategically important" position to fully unleash the multiplication effects of the country's manufacturing prowess. Yu Shaohua, an academician at the Chinese Academy of Engineering, said that replacing traditional industrialization with new industrialization will inject fresh vitality into the high-quality development of the real economy, as digital technologies are becoming increasingly intertwined with manufacturing. "Advancing the deep integration of the digital economy and the traditional industrial economy is an important path to achieve new industrialization, which will generate new infrastructure, new application models and a new industrial ecology," Yu said.

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