Key achievements of Chinese intelligence

There is currently no comprehensive global indicator that describes the level or rate of economic digitization, making it impossible to compare China to other countries. Because it is limited to ICT units, the size of the ICT unit is not an extreme indicator of the digital economy, whereas the scope of digitalization applications is much broader. However, based solely on these flawed indicators that understate the size mining siteof the digital economy, China's ICT industry is now roughly half the size of the US and slightly smaller than that of the EU.

The extent and quality of digital infrastructure are important indicators of intelligence's driving force. Cities in China with administrative villages have full broadband network coverage (source: International Digital Economy Development Report 2022). In 2020, the ratio of registered mobile network customers per 100 households is 117%, which is higher than in some developed economies such as France and only slightly lower than in Japan and South Korea. Fixed broadband access is only about one-third or less because smartphones are now the primary mobile terminals, which is slightly lower than Japan, Germany, and South Korea.

Along with penetration, increasing bandwidth for digital services is critical. China has a fixed broadband download speed of 193.15Mbit/s, ranking 15th in the world, significantly higher than the global average and ahead of many developed economies (source: Speed Test Global Index, August 2021). Furthermore, 99.3% of subscribers have bandwidth services that exceed 10Mbit/s, which is higher than in many developed economies. As of June 2021, 58 countries around the world had 5G networks operational (source: Global Association of Mobile Providers: LTE to 5G: Global Upgrade June 2021). In five years, China isUsed miner expected to have 460 million 5G subscribers. China, like 5G, is rapidly expanding at the 6G level. China's 6G-related patent applications accounted for 40.3% of total global filings as of August 2021, ranking first in the world.

China's mobile network is more competitively priced, completing an affordable Internet pricing level. Affordability of Internet access is critical to achieving digital development policy objectives. The relative cost of fixed broadband in China is half that of many developed OECD countries (such as the US, Japan and Germany).

In China, the business sector has been a key player and leader in digital technology, with some large technology giants early on participating in and benefiting from the wave. With the impact of the new crown epidemic, some inherent need for non-contact collaboration to reduce the risk of infection has emerged, providing new impetus to digital development and spawning a new wave of innovation with a more diverse nature to meet the real needs of the people. The epidemic has pushed the growth rate of mobile payments in China into the double digits; a slew of new apps have been released to meet the demand for electronic, contactless transactions; and a growing number of applets placed on large platforms, particularly for education and healthcare services. As can be seen, one of the main characteristics of thisbitmain innovation wave is the digitalization of real economic requirements, which may have a significant impact on productivity gains. E-commerce has long been growing rapidly in China, and the prevention of human touch under epidemic conditions will expand its opportunities even further. This will make the future of e-commerce in China even brighter.