China’s digital economy has experienced significant growth in recent years, fueling the country’s pursuit of quality growth, and a new report shows that advances in digital technology have created the second largest computing power in the world.
The country’s digital infrastructure has grown significantly, with computing power expected to reach 230 EFLOPS in 2023, ranking second in the world, according to the Digital China Development Report issued by the National Information Administration at the 7th Digital China Summit (DCS) in southeast China. . In Fujian Province, May 24.
Figures from the report show that China has reached two years ahead of schedule in the 14th Five-Year Plan (2021-2025) to facilitate the development of the digital economy. The plan announced by the State Council in 2022 aims to increase the share of value-added products in the GDP of the key sector of the digital economy in GDP from 7.8 percent to 10 percent in 2020.
In addition, the added value of key industries in the digital economy will reach 10 percent of gross domestic product (GDP) in 2023.
By the end of last year, the size of China’s computing power has grown by about 30 percent year-on-year, among more than 2,200 national computing centers. Demand for computing power for large-scale model training has also increased in the scientific, government, financial and industrial sectors, according to the report.
In terms of data production, China produced 32.85 zettabytes of data last year, an increase of 22.44 percent compared to the previous year, as the country experienced strong growth in the production of unstructured data during this period.
According to the report, the rapid development of 5G and AI technologies, and the widespread use of smart devices, have contributed significantly to the increase in the total amount of data through content creation and audiovisual media.
In terms of data storage, the country’s cumulative data storage volume in 2023 is 1.73 zettabytes, with the storage utilization rate rising to 59 percent.
Digital technology has been increasingly integrated into various aspects of economic and social development in China, resulting in the rapid formation of a new type of productive style.
The size of China’s smart manufacturing equipment industry has exceeded 3.2 trillion yuan (about $450 billion), and 421 national-level demonstration factories have been developed. Technologies such as artificial intelligence and digital twins are used in more than 90 percent of these demonstration plants, according to the Ministry of Industry and Information Technology.
Data shows that 570 million Chinese people were digitally literate last year, and more than 70 percent of the total population had an electronic social security card by the end of March this year.
The 7th DCS features an accessible 5.5G network with more than 100 interactive experiences, including UHD naked 3D displays, humanoid robots and AI robot baristas, promising to attract a global audience.
The two-day summit, the first since the optimization of China’s national information business system, focused on “unlocking the value of data and developing new quality productivity.”
Covering 56,000 square meters of living experience space, the summit held a central forum along with more than 10 breaks and showcased the latest achievements in the development of digital China.
Gu Yefeng, an employee of the 7th DCS, told China Media Group (CMG) that because people are more concerned about the use of AI in their daily lives, they have a deeper application scenario this year. The summit organizing committee also created 45 experience points for the digital application scenario in Fuzhou to see and experience the latest smart developments in the city.
Digital boom elevates China to No. 2 spot in terms of computing power
