Digital economy powering global economic recovery: report

WUZHEN, Zhejiang Province, Nov. 23 (Xinhua) -- With the COVID-19 epidemic hitting global economic and social development, the digital economy is viewed as a new engine for global economic recovery, according to a report released by the Chinese Academy of Cyberspace Studies on Monday.

The outbreak of the COVID-19 epidemic has accelerated the digital transformation of the global economy, with the digital economy likely to become a key force that reshapes the economic system and enhances governance capacity, said the World Internet Development Report 2020, which was released during the 2020 World Internet Conference -- Internet Development Forum, held in the water-town of Wuzhen, in east China's Zhejiang Province.