Fujian looks to boost digital economy

The coastal province of Fujian has formulated plans for the development of its digital economy during the 14th Five-Year Plan (2021-2025), according to a government work report delivered on Jan 24 at the annual session of the provincial people's congress.

Fujian began pursuing digital development in 2000, and throughout 20 years of development, the province has played a leading role in the digital transformation of China.

Statistics show that Fujian's digital economy grew rapidly during the 13th Five-Year Plan (2016-2020) period, with its added economic value exceeding 2 trillion yuan ($309.33 billion), accounting for about 45 percent of the province's total GDP.

Fujian secured 50 key digital economy projects worth 110 billion yuan at the Third Digital China Summit held in Fuzhou in October. These projects involve artificial intelligence, 5G, industrial internet, and blockchain and are expected to accelerate Fujian's industrial digitization and digital industrialization processes.

According to the government work report, Fujian will accelerate the development of the National Pilot Area for the Digital Economy and facilitate digital application, aiming to increase the added economic value of its digital economy to 2.3 trillion yuan by the end of this year.