China's GDP growth of 4.5% in the first quarter exceeded expectations, indicating that the Chinese economy is gradually recovering. With the epidemic properly controlled, China's various industries have gradually resumed production and consumption activities, especially the technology industry, which has played an important role in this process. Bloomberg quoted by the International Monetary Fund (IMF) predicts that by 2028, China's share of global GDP growth is expected to reach 22.6%, becoming the largest contributor to global economic growth, while the United States will contribute about 11.3%. By then, the BRICS countries will contribute more to global growth than the G7.
When GDP growth is inseparable from the development of science and technology, the development of science and technology is changing the pattern of China's economy. With the continuous advancement of digitalization, intelligence and autonomy, China's emerging technology industry is gradually growing and becoming a new engine of the economy. In the first quarter's GDP data, the added value of high-tech manufacturing increased by more than 16% year-on-year, which indicates the strong growth momentum of China's emerging technology industry.
In addition, the rapid development of 5G, artificial intelligence, cloud computing and other fields has also injected strong impetus into China's economic growth. With the full coverage of 5G networks, more and more smart devices and IoT applications are widely used in various industries, further improving production efficiency and product quality. At the same time, the application of artificial intelligence is also expanding, from intelligent voice assistants to intelligent manufacturing and other fields.
In the field of science and technology, China's digital economy is also continuing to develop. According to data released by the China Internet Network Information Center, by the end of 2022, the number of Chinese Internet users reached 994 million, and the size of mobile Internet users reached 977 million. With the continuous development of the digital economy, emerging technologies are also accelerating their landing and application.
AI is one of the important pillars of China's digital economy. The Chinese government has included artificial intelligence in its national development strategy and vigorously supported the research and development and application of enterprises and scientific research institutions in the field of artificial intelligence. According to International Data Corporation, by 2025, China's artificial intelligence market will reach $150 billion, becoming the world's largest artificial intelligence market.
In addition, China has also made important progress in the fields of 5G, Internet of Things, and blockchain. 5G networks have been commercialized nationwide and have become an important infrastructure to support the development of the digital economy. The wide application of IoT technology has also promoted the digital and intelligent transformation of China's industry. Blockchain technology is regarded as an important digital economic infrastructure and is widely used in finance, supply chain and other fields.
In general, the development of China's digital economy has provided a strong impetus for China's economic growth and injected more confidence into the development of the world economy. In the future, with the continuous emergence and application of emerging technologies, the potential of China's digital economy will be further released.
China's May Day holiday is coming, and the market is already hot. In the first spring after the epidemic, people are more out of their homes, and the lively atmosphere returns to the streets to experience the charm of technology, but we believe that this is just the beginning, as cross-border travel gradually resumes, China and the world will be more closely intertwined, and the heat of China's economy will also bring more warmth to the world economy that has just survived the winter.