August 15, 2022
BEIJING – Beijing ranked first among the top 50 digital economy cities in 2022, followed by Shanghai, Shenzhen, Guangzhou and Hangzhou, according to a report jointly issued by eNet Research and Deben Consultancy.
A total of 8 cities in Guangdong province, 7 cities from Jiangsu province and 5 in Zhejiang were in the top 50. The coastal areas in southeastern China have strong power in digital economy.
In 2020, the scale of China’s digital economy reached 39.2 trillion yuan ($5.82 trillion), accounting for 38.6 percent of GDP. From 2011 to 2020, the aggregate of digital economy in China expanded 4.12 times, with annual compound growth rate at 17.06 percent, statistics showed.
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