Published: 10:42, August 22, 2023 | Updated: 10:50, August 22, 2023
Chinese premier stresses faster development of digital economy
By Xinhua

Chinese Premier Li Qiang chairs a State Council study session on facilitating the deep integration of digital technologies and the real economy on Aug 21, 2023, in Beijing, China. (PHOTO / XINHUA)

BEIJING - Chinese Premier Li Qiang on Monday stressed strengthening and expanding the country's digital economy to bolster economic recovery and empower high-quality development.

China's digital economy enjoys broad development space thanks to the country's massive market, abundant data resources, and rich application scenarios, Li said at a State Council study session held Monday afternoon on facilitating the deep integration of digital technologies and the real economy.

Li Qiang pointed out that developing the digital economy entails a conducive environment, adding that an inclusive and prudent approach should be taken when regulating the sector

Li said concerted efforts should be made to promote independent innovation to seek breakthroughs in key core technologies, while core industries in the digital economy should improve.

ALSO READ: China's new information sector logs robust growth in H1

Li also called for a comprehensive and across-industrial-chain transformation of traditional sectors like manufacturing, services, and agriculture, and the construction of more digital infrastructure in advance.

READ MORE: China's digital economy lead set to drive world growth

He pointed out that developing the digital economy entails a conducive environment, adding that an inclusive and prudent approach should be taken when regulating the sector.