An employee works on an intelligent production line of a machinery equipment manufacturer in Huzhou, Zhejiang province. [Photo by Xie Shangguo/For China Daily] Local govts to speed up modernization of industries for top-class development Local governments in China will intensify efforts to promote the development of the digital economy and accelerate digital transformation and upgrade of industries, to implement the country’s plan for in-depth integration of the digital and real economies, experts said. The digital economy, they said, is expected to drive China’s economic growth in the coming years, fostering innovation-driven high-quality development. Zhejiang province is speeding up steps to promote the in-depth integration of internet, big data and artificial intelligence with the real economy, boost the digital transformation of manufacturing, agriculture and services sectors, and foster new growth drivers, according to a document released by the National Development and Reform Commission, the country’s top economic regulator, on Thursday. The document details the first batch of typical examples concerning the building of a demonstration zone for achieving common prosperity through high-quality development in Zhejiang. It said the proportion of the province’s added value of the digital economy in its GDP, and its overall digitalization level, ranked first in the […]
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