China's total digital economic output is projected to reach 80 trillion yuan (around 11 trillion U.S. dollars) by 2030, according to data released by the China Academy of Information and Communications Technology (CAICT) on Tuesday.
The CAICT's projection is based on the national demand arising from the integration of the digital economy with the real economy, as well as improvements in total factor productivity.
"In the next three years, China's ICT (information and communications technology) sector will grow at an average annual rate of 8 percent. By the end of the 15th Five-Year Plan in 2030, our total digital economic output will reach 80 trillion yuan," said Wang Zhiqin, vice president of the China Academy of Information and Communications Technology.
According to Wang, the key benchmark of the development of new quality productive forces is the improvement of total factor productivity of the digital technology. The CAICT predicts that during the 15th Five-Year Plan period, the average contribution of digital technology's total factor productivity to economic growth will rise to 23.2 percent from 22.5 percent over the past four years.
China's digital economy to reach 80 trl yuan by 2030
As China's 15th Five-Year Plan enters its inaugural year, Kenneth Fok Kai-kong, a re-elected Hong Kong deputy in the National People's Congress, said he hopes Hong Kong can better integrate into and contribute to the nation's overall development.
That involves ensuring Hong Kong's voice is heard in the development of national strategies, while effectively communicating the central government's vision to the people of Hong Kong, Fok said.
This year, Fok brought nine proposals to the ongoing 14th National People's Congress (NPC), China's top legislature, covering different areas including sports, culture, aviation and consumption.
"I'm always very concerned about sports and culture. This is where really my heart lies. But I think as a deputy I should also have a much broader [vision], not just concentrate on one specific area. So, of course, I mentioned about sports and also Greater Bay Area sports. But another issue, maybe first time I brought it to the table, is about our aviation hub. How do we keep up with the race with all the regional hubs also rising at the same time? This is our core strategy, core competence in Hong Kong and how do we make it better," Fok said in an interview with China Global Television Network (CGTN) released on Saturday.
In the 2026 Government Work Report delivered by Chinese Premier Li Qiang at the opening session of the 14th NPC on Thursday, Guangdong-Hong Kong-Macao Greater Bay Area is encouraged to build itself into a world-class city cluster.
The report also pledged to develop the Greater Bay Area into an international center for scientific and technological innovation.
"I also think about the national objectives, what are the important milestones we are trying to hit in the next five years, next 10 years. China has been doing so well and it's such a great exporter to the world as a part of the world village. But we need to strengthen ourselves by increasing consumption. Actually, consumption should be the core of our engine. We should enable our own population to be able to consume more to boost the economy," he said.
China's NPC deputy discusses how HK can better integrate into country’s overall development
