SZ Takes the Lead in China in Digital Economy

Now Shenzhen   |   January 24, 2022

SHENZHEN took the lead among Chinese cities in terms of the scale and quality of digital economy, with the added value of its core digital economy industries accounting for 30 percent of Shenzhen’s GDP, data released Wednesday by the Shenzhen Municipal Industry and Information Technology Bureau showed.

The data also showed that in the first three quarters of 2021, the number of newly registered digital economy enterprises in Shenzhen increased by over 80 percent year on year.

The sector’s leading companies are establishing a foothold in Shenzhen — for instance, China Electronics relocated its headquarters from Beijing to Shenzhen in a bid to facilitate building self-reliance and self-improvement in network security.

Shenzhen’s achievements in digital information infrastructure are equally outstanding. As of the end of 2021, the city had set up 51,000 5G base stations with a rate of 28.5 stations per 10,000 people, as well as 15,000 multifunctional intelligent poles to form an efficient data-sharing platform for smart city construction.

As one of China’s first “Gigabit Cities,” Shenzhen boasts key venues’ 5G network coverage reaching 91 percent and all families with gigabit fiber internet, according to a report by the industry and information technology bureau.

The South China tech hub is now mulling a four-year plan on new information infrastructure construction, rolling out measures for developing 5G and gigabit networks, satellite internet, edge computing, urban Internet of Things, industrial internet and blockchain infrastructure, said Yu Xiquan, the bureau’s director.

In a bid to step up the development of Shenzhen’s digital economy, a scheme on establishing data exchange in the city for trading data products has been authorized for preparation and implementation.

At the end of last year, a State-owned company specializing in data transactions was registered in Shenzhen. Its CEO, Li Hongguang, said that the firm will launch pilot programs related to finance, telecommunications, medical care, credit information and meteorology.

Article from:  SHENZHEN DAILY