Five-year plan to accelerate the integration of digital and real economies

A technician checks the chips at a tech company in Hangzhou, Zhejiang Province. (Photo: China Daily / Long Wei)

China’s leading industry regulator on Tuesday unveiled a five-year plan to accelerate the integration of digital and real economies as part of a broader campaign to establish a policy framework for the country’s industrial development through 2025 .

The Ministry of Industry and Information Technology said that accelerating the deep integration of information technology in all industrial chains is of great importance to promote industrial digitization and industrialization digital in the new era.

According to the five-year plan, the ministry will adopt five special initiatives, including promoting the digital transformation of manufacturing and industrial internet platforms, to advance industrial upgrading.

Xie Shaofeng, director of the information technology development department at MIIT, said the five-year plan proposed both quantitative and qualitative goals. For example, by 2025, the country aims to increase the penetration rate of industrial internet platforms to 45% and the popularization rate of digital research, development and design tools to 85%.

The ministry said the integrative development of “5G plus industrial Internet” is on a fast track in China. At present, more than 100 influential industrial internet platforms have also been built. In addition, more than 1,800 5G and above industrial internet projects are under construction in China, spanning 10 major industries including mining, coal and power.

Ni Guangnan, an academician at the Chinese Academy of Engineering, said that stepping up efforts to accelerate the development of the industrial Internet will significantly improve production efficiency. In the long run, this will boost the competitiveness of Chinese manufacturing industry on the world stage.

On Tuesday, MIIT also unveiled a five-year plan to develop the national big data industry. According to the plan, by 2025, the estimated scale of China’s big data industry will exceed 3 trillion yuan ($ 471 billion), compared to over 1,000 billion yuan in 2020, and the annual growth rate average compound will be maintained at around 25%. .

Xie said China’s big data industry has grown rapidly over the past five years, with an average compound annual growth rate of over 30%.

He said that the next five years will be an important period for making China a manufacturing and digital powerhouse, which therefore means new and higher demands for the development of the big data industry.

Market research firm International Data Corp predicts that by 2025, China’s data will account for 27.8% of the global total, placing it number one in the world.

Sun Ke, deputy director of the Institute of Political and Economic Sciences of the Chinese Academy of Information and Communication Technologies, a Beijing-based think tank, said that in the era of the digital economy industrial, a large amount of industrial data will be connected to the Internet, which will further stimulate the development of the big data industry.

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