Zhejiang releases white paper on digital economy

A white paper on the development and achievements of Zhejiang province's digital economy was issued by provincial authorities on Wednesday.

The white paper said the added value of Zhejiang's digital economy last year hit 3.6 trillion yuan ($533.52 billion), accounting for 48.6 percent of the province's GDP.

The province is now aiming to double the added value of its digital economy and the added value of its core industries to more than 7 trillion yuan and 1.6 trillion yuan, respectively, by 2027.

To achieve the goals, Zhejiang will build a digital technology innovation center with global influence, promote digital industrialization and industrial digitalization and innovation is the institutional systems and mechanisms of the digital economy.

Zhejiang will strive to become a global financial center, a global digital trade center, a pilot area for data infrastructure systems, a pilot area for digital empowerment and common prosperity and a new computational power center to bolster its digitalization.

The white paper said that Zhejiang has used new digital technologies to transform manufacturing, service industries, and agriculture, making its industrial digitalization level first in the country.

Zhejiang has played an instrumental role in enhancing government services and functions by fully leveraging the internet and introducing technical support through the launch of an online government service platform called Zheliban, which is linked to the provision of numerous public services, largely facilitating its citizens, the white paper said.