According to industry experts, digital adoption and emerging industries are becoming more important in injecting new impetus into regional economic development amid domestic and international uncertainties.
It’s harder to imagine a compelling case where digital transformation can actually be the main driver of a region’s economy, rather than the economic outcome itself.China’s East-West Digital Pivot may be recent, but already give It will significantly boost the industrial output of the region.
The industrial economy of western China recorded rapid growth in the first quarter. According to industry experts, digital adoption and emerging industries are becoming more important in injecting new impetus into regional economic development amid domestic and international uncertainties.
Specifically, Guizhou’s industrial output in southwestern China increased 15.2% year-on-year in the first three months. According to the State Census Bureau, this is 8.7 percentage points higher than across the country.
High-tech and emerging industries are growing steadily. First, new energy vehicle production from the battery and materials industry surged 44.9 percent year-on-year in the first quarter, 29.7 percent higher than the state’s overall industrial production. In addition, industries that use digitalization directly are creating even more. Output from Guizhou’s computing, telecommunications and other electronics manufacturing sectors surged 35.4% on an annual basis.
Investment in the region increased after Beijing decided to do a digital pivot from east to west. This meant that the country’s digital transformation should move to the developing western region. During the period January-March this year, investment in the high-tech industry surged 96.1% year on year. Overall, investment in the high-tech manufacturing and high-tech services industries increased 129.6% and 66.8% year-on-year, respectively.
The government’s decision to establish eight national computing hubs and ten national data center clusters will take steps to direct more computing resources from the eastern region to the less developed but resource-rich western region. This indicates that you are taking action. Luo added that the move will speed up digital transformation and upgrade industries in the western region.
In January, China released guidelines to help Guizhou break new ground in the pursuit of rapid development in the western region of the new era. The guidelines released by the State Council, the Chinese cabinet, emphasized the importance of promoting the construction of an inland open economy pilot zone and developing a digital economy.
Guizhou has made rapid progress in the big data industry in recent years, with cool climates and abundant electricity resources, and is stepping up efforts by high-tech giants at home and abroad to set up data centers in the state.
Another western state, Chongqing, also witnessed an 8.5% increase in industrial output on an annual basis in the first three months. Production in emerging industries such as solar cells, industrial robots and service robots increased by 92.9%, 34.1% and 20.7%, respectively, outpacing overall industrial production in the first quarter.
Indeed, east-to-west pivoting has its own advantages. The western region is rich in renewable energy and will be an important hub for the development of strategic emerging industries in the country, the firm position of an industry has revealed. He added that labor costs in the western region are relatively low compared to the Yangtze River Delta and the Pearl River Delta.
Digital transformation defines China’s economic growth.Recently, the industry is deep-rooted Announced 2022 It’s the year of Metaverse, the latest emerging technology from ICT.In addition, that Approach to digital adoption It reflects the desire to build more than 2 million 5G bases by the end of 2022.
Source: www.asiapolitik.com
