China’s digital economy key part of five-year plan

A digital renminbi payment sign at a bookstore in Beijing. - CHINA DAILY

BEIJING: The digital economy will become a key ingredient of national strategy during the 14th five-year plan period (2021-25), according to researchers and entrepreneurs in the technology sector.

Through its newly released outline of the 14th five-year plan, a document charting the country’s development course for the next five years, Beijing is eyeing to have the digital economy, largely synonymous with the enhancement of traditional industries through digital tools, account for around 10% of its newly added economic output by 2025.