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China has become a new global leader in some areas of the digital economy. The development of new infrastructure, including 5G networks, and the reliance on e-commerce, however, is raising questions. How can 5G help ordinary people and how are live-stream and social media reshaping business models? For all the answers, we spoke to Chen Yubo, professor and director of Internet Development and Governance, Tsinghua University's School of Economics and Management. | CGTN
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The value-added of China's digital economy registered 35.8 trillion yuan (about 5.07 trillion U.S. dollars) in 2019, accounting for 36.2 percent of the country's GDP, up by 1.4 percentage points compared with the previous year, according to the China Academy of Information and Communications Technology (CAICT). The CAICT, a government think tank, revealed the figure in a white paper released on Thursday night, saying that China's digital economy grew by 15.6 percent last year. For more: https://
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