Global EditionASIA 中文双语Français
Business
Home / Business / 2020 World Internet Conference

Digital economy powering global economic recovery: report

Xinhua | Updated: 2020-11-24 13:38
Share
Share - WeChat
A boy experiences a VR device at the 2019 China International Consumer Electronics Show in Qingdao, East China's Shandong province, July 19, 2019. [Photo/Xinhua]

WUZHEN - With the COVID-19 epidemic hitting global economic and social development, the digital economy is viewed as a new engine for global economic recovery, according to a report released by the Chinese Academy of Cyberspace Studies on Monday.

The outbreak of the COVID-19 epidemic has accelerated the digital transformation of the global economy, with the digital economy likely to become a key force that reshapes the economic system and enhances governance capacity, said the World Internet Development Report 2020, which was released during the 2020 World Internet Conference -- Internet Development Forum, held in the water-town of Wuzhen, in East China's Zhejiang province.

According to the report, the COVID-19 epidemic has stimulated the demand for cloud-terminal coordination and intelligentization, while Internet-related industries face new development opportunities.

The digital economy accounted for between 4.5 and 15.5 percent of the world's GDP in 2019, according to the Digital Economy Report 2019 released by United Nations Conference on Trade and Development.

At the start of 2020, more than 4.5 billion people were using the Internet, with 3.8 billion social-media users and nearly 60 percent of the global population online, according to the Digital 2020 Global Overview Report, citing the World Internet Development Report 2020.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE