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China vows to further boost $3.8 trillion digital economy

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Staff Writer | September 27, 2018
China’s state planner on Sept. 26 called for further advancement in the country’s $3.8 trillion digital economy, saying sectors such as big data and artificial intelligence (AI) will become drivers of job creation.
China
Asia   The Chinese economy is in the midst of a long-term restructuring
The Chinese economy is in the midst of a long-term restructuring that has seen the decline of low-end industries and the emergence of higher-value factories that make robotics and drones.

“China will promote the digital transformation of traditional sectors, driving more workers to switch jobs and improve the quality of employment,” the National Development and Reform Commission (NDRC) said.

China will make further inroads into areas such as the internet of things, big data, cloud computing and AI, and create more high-end jobs, the state planner said.

The country will also actively attract foreign talent to promote the innovation of its digital economy, the NDRC said.

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