Jiang Yafei, vice-president of Huawei

A woman walks past a Huawei store at a shopping mall in Beijing on July 4, 2018. [Photo/IC]

According to Jiang, Huawei discovered that the digital economy has expanded at a rate of 2.5 times of GDP growth over the past 15 years, based on the company's study of economic development and model in 79 countries.

Jiang said the more developed the country is, the higher proportion the digital economy enjoys, the research showed.