Digital Technology Revolution: Towards Large Scale Application
The digital economy is a focus of the 14th-Five Year Plan, which states that its added value should rise from 7.2% to 10% of GDP over the next five years. To achieve this, the Plan's measures to broaden the coverage and penetration of the digital economy include reinforcing 5G network construction, creating new and influential digital consumption channels, boosting digital product production, and encouraging digital transactions.
The digital economy should be regulated. New uncertainties caused by regulations are the cost of long-term, healthy growth. As large, powerful platforms, leading digital companies should take on more social responsibility and enhance their public relations by driving economic growth through developing the digital economy.
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