China plans to boost digital economy in 2021-25

China's State Council on Wednesday rolled out a plan to facilitate the development of the digital economy in the 14th Five-Year Plan period (2021-2025).

The country aims to raise the proportion of the added value of core digital economy industries in its GDP to 10% in 2025_ up from 7.8% 2020_ according to the plan_ reports Xinhua.

By 2025_ China will see the digital transformation of industries reach a new level_ digital public services will become more inclusive_ and the digital economy governance system will improve noticeably_ per the plan.

It details key tasks in eight areas_ including optimising and upgrading digital infrastructure_ pushing forward the digital shift of enterprises_ and expanding international cooperation on the digital economy.

According to the document_ China will strengthen its support of 6G research and development_ enhance innovation in strategic fields such as integrated circuits and artificial intelligence_ and facilitate the development of new business modes.

The country will also explore the establishment of regulations in the fields of cross-border data flows_ market access_ anti-monopoly work_ the digital yuan and privacy protection in the digital era_ drawing on international rules and experience_ per the plan.