On November 24, the World Internet Conference Digital Economy Industry Cooperation Conference was held in Wuzhen, China. 40 cooperations were signed at the conference and the total contract amount exceeded a record high of USD 9 billion. The projects cover a broad range of technologies such as integrated circuits, AI, cloud computing, communications electronics, new materials and other fields.
In 2020, global GDP will fall by about 4.4 percent year-on-year, while the growth rate of the digital economy will have a positive growth of about 0.5 percent. China’s GDP in the first three quarters increased by 0.7 percent year-on-year, and the contribution of the digital economy was close to 90 percent. The World Internet Conference Organizing Committee also launched the “Jointly Build a Community of Shared Future in Cyberspace” initiative, calling on governments, international organizations, companies, technology communities, social organizations and individual citizens to join hands in promoting digital development. (Source)
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