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China's digital economy to reach 80 trl yuan by 2030

China

China

China

China's digital economy to reach 80 trl yuan by 2030

2024-12-24 21:44 Last Updated At:22:07

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

China's digital economy to reach 80 trl yuan by 2030

Commemorations honoring Chinese People's Volunteers (CPV) martyrs were held on the banks of the Yalu River in Dandong, Liaoning Province on Tuesday as part of ongoing tributes to those who fought in the War to Resist U.S. Aggression and Aid Korea (1950-1953).

The event was held to mark the return of the remains of 12 CPV martyrs, who were killed in the war, from the Republic of Korea (ROK) on Wednesday.

This will be the 13th such repatriation of CPV remains following the handover agreement between the two countries. Since 2014, the remains of 1,011 soldiers have been returned to China from the ROK, according to China's Ministry of Veterans Affairs.

More than 170 representatives, including veteran CPV soldiers, relatives of the martyrs, active-duty personnel, students, and other from various sectors of society, attended the event.

People boarded a ferry which slowly sailed down the Yalu River. Inside the cabin, all present stood in solemn silence as the national anthem of the People's Republic of China was played, and observed a moment of silence in honor of the CPV martyrs.

Then, they walked to the ship's railings one by one and scattered flower petals into the river to pay tribute to the martyrs.

"We, the CPV, went abroad to fight to defend our motherland, the people, and our good life and to resist U.S. imperialist aggression against the Democratic People's Republic of Korea (DPRK). I hope that our young comrades and students today will study hard and make contributions to our motherland," said Hu Changzhe, a CPV veteran.

"I feel deeply moved as these veteran soldiers are heroes who once fought for our country. Now, standing by the Yalu River, looking back on their past and remembering their comrades, they must be deeply touched," said Hong Jialu, a student at a branch of Liaoning Province Shiyan High School.

At the event, 10 student representatives from primary and middle schools read aloud a letter to express their reverence and remembrance for the heroic martyrs through their sincere words and heartfelt recitation.

The Korean War broke out in June 1950, eight months after the People's Republic of China was founded. At the request of the Democratic People's Republic of Korea (DPRK), China sent 2.9 million CPV soldiers to assist the DPRK during the war, of whom more than 360,000 were killed or injured.

Commemorations held to pay tribute to CPV heroes in northeast China

Commemorations held to pay tribute to CPV heroes in northeast China

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