07 June 2022, Tuesday, 03:38 346

Beijing releases action plan for promoting digital economy

Editor: Тимофій Борзенко

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A staff member shows a product during the 2021 Global Digital Economy Conference in BeijingPhoto by Xinhua/Zhang Chenlin.

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Beijing has released an action plan for the development of its digital economy to stimulate the vitality of the industry, informed The Xinhua News Agency.

The plan puts forward measures such as improving the supply capacity of digital technology and nurturing the ecology for its innovation, according to the Beijing Municipal Bureau of Economy and Information Technology.

It focuses on breakthroughs in core technologies in high-end chips, artificial intelligence, key software, blockchain, privacy computing, urban space operating systems and other fields.

Domestic and foreign open-source projects and institutions will be attracted to land in Beijing, and efforts to open and share data will be further intensified, according to the plan.

In the first quarter of 2022, the added value of Beijing's digital economy reached ¥387.36 bln ($57.9 bln), up 7.2% year on year, accounting for 41.2% of the city's GDP, official data showed.