Yangtze River Delta Comprises 28 percent of China’s Digital Economy in 2018
Time: 2019-10-29 18:40   Views:301

By AliResearch 


Digital economy in Yangtze River Delta in 2018 rose to 8.63 trillion yuan, or 28% of the national total. Digital technology has become the new growth engine driving the integrated and high-quality growth of the region, says a report by AliResearch and 21st Century Economic Research Institute. 
The report added that digital integration has already taken shape in 27 major cities in the region. In terms of spatial integration, the region is witnessing accelerated integration between Shanghai and Kunshan and unprecedented closer ties and exchanges between the cities in the region. At the same time, integration is also picking up pace in public service, government service, environment governance and other sectors thanks to digital technologies, government reforms and Internet platforms.


Key Insights of the report:


1. The Yangtze River Delta region is China’s biggest city clusters in terms of economic output. Home to only 10% of China’s population, it contributes nearly 20% of its GDP, 25% of total export-import volume and 34% of cargo throughput.

The per capita GDP of the 27 major cities in the region has exceeded $13,652 since 2016, avoiding the so-called middle-income trap defined by the World Bank and entering the high-income development phase.
Moving forward, the region is aimed to become a leading social-economic development model in the country, driven by the new-type of urbanization, regional integration and digital economy.

2. In 2018, the digital economy in Yangtze River Delta region amounted to 8.63 trillion yuan, or 28% of the national total of 31.3 trillion yuan. Digital economy is the new growth engine driving the integrated development and high-quality growth of the region. The new round of integrated development in the region must be driven by the industrial upgrade and transformation powered by digital economy, spawning internationally-competitive industrial clusters and new economic growth drivers.

3. Digital integration has already taken shape in 27 major cities in the region. In terms of spatial integration, the region is witnessing accelerated integration between Shanghai and Kunshan and unprecedented closer ties and exchanges between the cities in the region. At the same time, integration is also picking up pace in public service, government service, environment governance and other sectors thanks to the digital technologies, government reforms and the Internet platforms.


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