China's digital economy was worth 27,2 trillion yuan (nearly four trillion U.S. dollars) in 2017, This accounted for 55 percent of the country's total GDP growth, according to a report released Thursday (12.11.2018) at the XNUMXth World Internet Conference taking place in the eastern province of Zhejiang.
The paper notes that information technology plays an increasingly important role in human life and stimulates innovation and rapid development.
Major contributors
China and United States were the largest contributors, the report says. The global digital economy also accounted for $12,9 trillion in 2017.
Global e-commerce
Global e-commerce volume rose to $2,3 trillion, riding on the emerging markets of Asia, Latin America, the Middle East and Africa.
Cybersecurity and culture
China began modernizing its internet infrastructure this year, which will lead to greater cybersecurity and a more prosperous network culture.
Biggest market
China is the world's largest e-commerce market, the report says. China was one of the top five countries with the most 4G network users as of June, while its 5G R&D teams were among the most advanced in the world.
Source: Xinhua
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