McKinsey sees big digital share of industry revenue

Digital forces may evolve and create value equivalent to 10 to 45 percent of overall industry revenue by 2030 in China, according to a recent McKinsey & Company report.

The country is already a major player in digital technologies at home as well as abroad, the report noted.

China's great potential for digitalization may be attributed to three major factors: one, a large and young Chinese market that enables rapid commercialization of digital business models; two, a rich digital ecosystem; and three, relaxed space for digital companies to experiment and invest, consume digital technologies, according to the report.