China will make more investments and accelerate reforms of agencies and systems to boost its $3.8 trillion digital economy. The digital economy included the internet of things, big data, clouding computing and AI.
The National Development and Reform Commission has a new agreement with the China Development Bank to offer 100 billion yuan ($14.55 billion) in financial support for the digital push.
China’s digital economy rose 18 percent to 26 trillion yuan ($3.8 trillion) last year, equal to a third of the country’s gross domestic product (GDP), according to the China Academy of Information and Communications Technology.
Traditional sectors will be digitalized. This will include high tech precision agriculture, supply chain improvements, healthcare efficiency, electric cars.