World Digital Economy Development

With the wide application of new-generation IT like AI, big data, blockchain and 5G, digital economy functions as an important engine to fuel economic growth in the world. In particular, since the outbreak of the COVID-19 pandemic, digital economy becomes an important driving force and support for combating the pandemic and promoting economic recovery. Various countries energetically release policies on the development of digital economy and jostle for the dominance over digital economy. Globally, the digital industry develops steadily, and industrial digitalization deepens. Fintech and e-commerce become important fields in national development. In major countries and regions represented by the United States, the European Union, China and Japan, fintech and e-commerce develop vigorously. Simultaneously, regional development of digital economy proves imbalanced, and global digital divide widens.