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The National Standing Committee will deploy the digital economy and accelerate the promotion of digital industrialization and industrial digitization

The National Standing Committee will deploy the digital economy and accelerate the promotion of digital industrialization and industrial digitization

Financial reporter Liu Xiao

According to Xinhua News Agency, Premier Li Qiang of the State Council presided over an executive meeting of the State Council on July 5 to study and deploy the work related to promoting the high-quality development of the digital economy, deliberate and adopt the "Implementation Plan for Supporting the Development of Innovative Drugs in the Whole Chain", discuss the further promotion of the development of the western region, study the policies and measures to support the high-quality development of Tianjin Binhai New Area, and listen to the report on the main problems identified in the implementation of the central budget and other financial revenue and expenditure audits in 2023 and the preliminary rectification. It was noted that:

It is necessary to understand and promote the high-quality development of the digital economy from an overall perspective, promote the deep integration of digital technology and the real economy, promote digital industrialization and industrial digitization, and comprehensively empower economic and social development.

It is necessary to adhere to reform, innovation, and open cooperation, continue to optimize the environment for the development of the digital economy, coordinate the improvement of data infrastructure systems and digital infrastructure, and promote the market-oriented allocation of data elements.

It is necessary to enhance the innovation ability of platform enterprises and promote the sustainable and healthy development of the platform economy.

The National Standing Committee will deploy the digital economy and accelerate the promotion of digital industrialization and industrial digitization

On March 12, in Shandong Tengfeng Textile Technology Co., Ltd., the staff was on duty in front of the intelligent spinning equipment. Xinhua News Agency

The integration of digital technology and the real economy is a major trend

The digital economy has become a new engine for a new round of global scientific and technological revolution and industrial transformation. At the 2024 Global Digital Economy Conference held recently, the "White Paper on Global Digital Economy (2024)" released by the China Academy of Information and Communications Technology shows that in 2023, the total digital economy of five countries, including the United States, China, Germany, Japan, and South Korea, will exceed 33 trillion US dollars, a year-on-year increase of more than 8%. From 2024 to 2025, the global digital industry revenue growth is expected to pick up.

Liu Liehong, director of the National Data Bureau, said at the meeting that the added value of China's core industries in the digital economy is estimated to exceed 12 trillion yuan in 2023, accounting for about 10% of GDP, and is expected to complete the goals of the 14th Five-Year Plan ahead of schedule.

"The rapid development of the digital economy and the digital transformation of traditional industries and small and medium-sized enterprises will expand investment in big data, cloud computing, data centers and other related industrial chains." Luo Zhiheng, chief economist of Guangdong Kai Securities, pointed out in an interview with Fengkou Finance that the integration of digital technology and the real economy is a major trend, and the digital economy is not only the forefront of development, but also digital technology can be closely integrated with the real economy as an element, providing convenience for consumers while reducing costs and increasing efficiency for enterprises, and promoting the upgrading and transformation of traditional industries.

Pan Helin, a well-known economist and member of the Information and Communication Economy Expert Committee of the Ministry of Industry and Information Technology, said in an interview with Fengkou Finance that the digital transformation of the manufacturing industry is an important way to build new quality productivity, and it is also the most critical way. He believes that the formation path of new quality productivity mainly depends on innovation and development, and scientific and technological research and development and digital transformation are the two most important paths of innovation and development.

"With the in-depth development of a new round of scientific and technological revolution and industrial transformation, global scientific and technological innovation is unprecedentedly intensive and active, especially the rapid development of new technologies represented by artificial intelligence, which is profoundly changing the economic and social operation mode, creating new production methods and lifestyles, and is expected to cultivate a pillar industry of more than one trillion US dollars, empowering thousands of industries, and becoming an important direction and key power source to promote economic development." Liu Liehong said.

The National Standing Committee will deploy the digital economy and accelerate the promotion of digital industrialization and industrial digitization

Workers work in the production workshop of a steel pipe company in the Qinhuangdao Economic and Technological Development Zone in Hebei Province on April 12. Xinhua News Agency

The digital economy will welcome multiple favorable policies

This year, the development of the mainland's digital economy will welcome multiple favorable policies. At the 2024 Global Digital Economy Conference, the Cyberspace Administration of China, the National Data Administration, the Ministry of Industry and Information Technology and other relevant officials issued a concentrated voice, releasing policy signals around increasing policy supply, accelerating the construction of data systems, further promoting industrial digital transformation, and accelerating the innovation and development of the digital industry.

Liu Liehong said that the National Data Bureau will take system construction as the main line, and this year will successively launch eight institutional documents, including data property rights, data circulation, income distribution, security governance, public data development and utilization, enterprise data development and utilization, high-quality development of the digital economy, and guidelines for data infrastructure construction, to increase policy supply and promote the transformation of the mainland's massive data advantages into new national competitive advantages.

Li Jiangtao, a postdoctoral researcher at the Institute of Economics of Tsinghua University, said in an interview with Fengkou Finance that the National Standing Committee put forward new and higher requirements for promoting the high-quality development of the digital economy. Judging from several deployments, the next step is to focus on the digital economy, vigorously promote digital transformation, and improve the efficiency of digital empowerment of the real economy. By promoting digital industrialization and industrial digitization, the real economy will achieve qualitative improvement in terms of technological level, big data management, and digital application, so as to promote transformation and upgrading.

"The key point of the digital economy to empower the real economy is to combine traditional technology with digital technology, integrate artificial intelligence and big data, make the real economy automated, mechanized, informatization and digitized, and bring about changes in the overall mode of operation, so as to promote the high-quality development of the real economy." Li Jiangtao said.

To promote the sustainable and healthy development of the platform economy, Li Jiangtao believes that by serving the real economy, the platform economy can play a greater role, and the establishment of an industrial platform can further expand the application scope of the digital economy, relying on the empowerment of the platform, it can bring new development opportunities to many industries.

In addition, the National Standing Committee held on May 11 reviewed and approved the Action Plan for Digital Transformation of the Manufacturing Industry. The meeting emphasized that it is necessary to explore typical scenarios in different industries and fields according to the diversified and personalized needs of the manufacturing industry. Accelerate the research of core technologies and the promotion and application of achievements, and do a good job in equipment networking, mutual recognition of protocols, standard formulation, platform construction, etc. It is necessary to increase support for the digital transformation of small and medium-sized enterprises, organically combine it with large-scale equipment renewal actions and the implementation of technological transformation and upgrading projects, improve public service platforms, and explore the formation of a long-term mechanism to promote the digital transformation of small and medium-sized enterprises.

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