Accelerate the release of strong momentum of the digital economy, and the added value of core industries will account for 10% of GDP in 2025

The State Council recently issued the "14th Five-Year Plan for the Development of the Digital Economy", proposing that by 2025, the digital economy will move towards a period of comprehensive expansion, the added value of the core industries of the digital economy will account for 10% of GDP, the ability of digital innovation to lead development will be greatly improved, the level of intelligence will be significantly enhanced, the integration of digital technology and the real economy will achieve remarkable results, the digital economy governance system will be more perfect, and the competitiveness and influence of the mainland's digital economy will be steadily improved.

With the in-depth development of a new round of scientific and technological revolution and industrial transformation, the digital economy has become the focus of all countries in the world to seize new opportunities for development and shape new advantages in international competition. During the "14th Five-Year Plan" period, the development of the mainland's digital economy is shifting to a new stage of deepening application, standardized development, and inclusive sharing, and in the face of the new situation and new challenges in the new era, the digital economy has broad prospects in cultivating new momentum for development and improving economic quality and efficiency.

Digitally oriented

The relevant person in charge of the National Development and Reform Commission said that the "Planning" further highlights the systematic design and systematic layout, and makes an overall deployment for the development of the mainland's digital economy during the "14th Five-Year Plan" period, focusing on highlighting the value of data elements, driving the industry to improve quality and efficiency, and promoting the smooth flow of economic circulation.

"One of the highlights of the Plan is the application of traction, which emphasizes the orientation of digital development. Under the demand-oriented, whether it is technical products or application paradigms, business models and institutional mechanisms will be developed in accordance with the systematic innovation path, which is in line with the objective law that the digital economy as a complex economic form needs to be systematically developed, especially in the context of building a new development pattern in the mainland, application orientation is conducive to the efficient and healthy development of the digital economy. Liu Xu, senior vice president of Zhongcheng Think Tank, said.

Pan Helin, member of the Information and Communication Economy Expert Committee of the Ministry of Industry and Information Technology and executive dean of the Digital Economy Research Institute of Zhongnan University of Economics and Law, believes that the "Planning" adheres to innovation leadership, emphasizes technology integration, and highlights the guiding role of digital technology in the digital economy.

Yang Bing, founder and CEO of Dewu APP, said that the mainland's in-depth implementation of the digital economy development strategy has achieved positive results, and the "Planning" has pointed out the direction for the development of new economy enterprises in the "14th Five-Year Plan" period.

In addition, the Plan emphasizes the need to highlight the value of data elements. Liu Said that data, as a new factor of production, is the key to the development of the digital economy, and it is necessary to further improve the institutional mechanism, strengthen overall coordination, effectively mobilize the enthusiasm of all parties, and further activate the potential of data elements.

The proportion of the digital economy is increasing

The "Planning" makes it clear that the digital economy is the main economic form after the agricultural economy and the industrial economy, with data resources as the key element, modern information network as the main carrier, and the integration and application of information and communication technology and the digital transformation of all factors as an important driving force to promote a new economic form with fairness and efficiency as a more unified.

The digital economy has become an important driving force for the economic development of the mainland. In 2020, the added value of the core industries of the mainland digital economy will account for 7.8% of GDP, and the digital economy will provide a strong impetus for the sustained and healthy development of the economy and society. Zhou Hongyi, founder of 360, believes that the increase mainly lies in industrial digitalization. The first half of the development of the Internet is the consumer Internet, and has now entered the second half of the era of industrial Internet, the main scenes are the industrial Internet, the Internet of Vehicles and new smart cities, etc., the protagonists are governments at all levels and traditional enterprises.

"Digital technologies such as the Internet of Things, the Internet, and big data have penetrated into all aspects of economic and social development and become important elements of innovation, and the digital economy is constantly changing the production, management, governance and consumption systems." Willow said.

The mainland has built the world's largest fiber optic and 4G network, accelerated the construction and application of 5G networks, and significantly increased the penetration rate of broadband users. At the same time, the pace of industrial digital transformation is accelerating. The digitalization of agriculture has been comprehensively promoted, the level of digitalization of the service industry has been significantly improved, the digitalization of industrial digital transformation has accelerated, the digitalization level of production equipment of industrial enterprises has continued to improve, and more enterprises have stepped onto the cloud.

The accelerated integration of digital technology and various industries has promoted the emergence of new formats and new models. E-commerce is booming, mobile payment is widely popularized, new ways of production and life such as online learning, remote meetings, online shopping, and live video broadcasting are accelerating, and the Internet platform is growing day by day.

At the same time, the construction of digital government in the mainland has achieved remarkable results, and new service management models such as "one network communication office", "run at most once", "one network unified management" and "one network coordination" have been widely popularized, the digital business environment has been continuously optimized, and the level of online government services has leapt to the global leading ranks.

"The mainland's digital governance capabilities have been continuously optimized, digital trade has flourished, and the trend of 'going out' in the digital economy has become more and more intense, which has become a new driving force for the growth of mainland exports." Pan and Lin said.

Deep integration is the main line

The "Planning" emphasizes that with the deep integration of digital technology and the real economy as the main line, we will jointly promote digital industrialization and industrial digitalization, empower the transformation and upgrading of traditional industries, cultivate new industries, new formats and new models, and continuously strengthen and optimize the digital economy of the mainland, providing strong support for the construction of digital China.

Lin Yifu, dean of the Institute of New Structural Economics at Peking University, believes that the digital economy is a part of the real economy and should be integrated with the real economy. In the process of integration, the consumer service industry is at the forefront. Service platforms such as Tencent, Alibaba, JD.com, and Pinduoduo have many innovations, and they are not lagging behind compared with developed countries.

Tang Daosheng, senior executive vice president of Tencent and CEO of cloud and smart industry business group, said that the "integration of digital reality" is changing from a "choice of answers" to a "mandatory question" that every industry must face, and the value of helping the real industry is an important criterion for measuring the development of the industrial Internet.

Yang Bing introduced that through in-depth cooperation with long-established brands, dewu APP is forming a virtuous cycle model of supply chain in which demand drives supply and supply creates demand, and uses the digital economy to promote the inheritance and innovation of the national tide.

"A new type of entity enterprise with both the genes and attributes of real enterprises, digital technology and capabilities is an important force to promote the deep integration of the digital economy and the real economy, and will play a huge role in the new development pattern of double circulation." Xu Lei, president of JD Group, said.

Looking forward to 2035, the digital economy will move towards a period of prosperity and maturity, and the mainland should strive to form a unified, fair, orderly, mature and complete modern market system for the digital economy, and the development level of the digital economy foundation and industrial system ranks among the forefront in the world. "To achieve the above goals, it is necessary to solve the problems of insufficient innovation ability in key areas, the value potential of data resources has not been fully released, and the digital economy governance system is not perfect, and it is necessary to transform the traditional development mode, accelerate the completion of shortcomings, and embark on a high-quality development path." Willow said. (Economic Daily reporter Huang Xin)

Source: Economic Daily