2019年CRI Digital economy generates new growth beyond GDP: economists

 

Economists¹ and tech experts at this year's World Internet Conference in Wuzhen say years of stable economic growth have helped foster digital advancement² in China while the digital economy has brought unprecedented³ new growth opportunities for the country.

Professor Soumitra Dutta of Cornell University in the U.S says the technological⁴ wave in China is a natural result of years of stable growth.

"The growth in China has been phenomenal. A lot of people don't fully⁵ realize that between 2004 and 2018, just in 14 years, the economy of China grew by a factor of 6. I mean six times growth of the economy over 14 years, very few countries can ever hope to achieve something like that. So the growth of China in economy certainly helps the growth of Chinese digital sector⁶," says Dutta.

According a Forbes report, companies from China are among the top ranked on its new ranking of the world's top digital companies.

Mobile phone service provider China Mobile was the highest ranked among a group of companies from the region at No. 8, followed by Internet giants Alibaba and Tencent.

Professor Dutta says China's huge investments in education, infrastructure⁷ and technology provides a conducive⁸ environment for various businesses to grow.

"China leap frog with the internet disruption and internet revolution and the companies today you have like Tencent and Alibaba are companies that are essentially⁹ built on the internet disruption. That was possible because China has made the investment in education infrastructure and technology and technologies and so on," says Dutta.

Taylor Reynolds, the Technology Policy Director of the MIT Internet Policy Research Initiative, says China's leap in technological advancement can be attributed to its dedication¹⁰ to innovation.

"What's interesting to me is that for the fast short of 12 years, China has shot out to the lead part of that is because of scale that it plays a bigger role in the large market here. But I think there's something special here in China is about innovation. You've been innovating¹¹ for thousands of years. The products paper, fireworks all came from China. I think it's built into the DNA¹² the entrepreneurship here. I think China also plays a bigger role in standard organizations So they push technologies in a way that other countries don't, so it makes sure that China is the front," says Reynolds.

Data from the Ministry¹³ of Industry and Information Technology shows by the end of 2018, digital economy in China reached a scale of over 3 trillion yuan or 500 billion US dollars, making up a third of the country's total GDP growth for the same year.

The Chinese government has been trying to make use of the opportunities presented by rising tide of digital economy to shift its growth pattern from focusing on GDP to one that is more sustainable and puts more stress on quality.

From the beginning of this year, China has stepped up the deployment¹⁴ of 5G, the next generation of internet services as part of its strategy to generate more growth opportunities in the future.

Nobel laureate Michael Spence, an economics professor at New York University who won the Nobel Prize for economics in 2001, says China's efforts to increase the deployment of 5G and artificial intelligence will bode¹⁵ well for healthy growth in the future.

"5G is enabling internet of things and the internet of things has a direct, huge impact on things like energy efficiency so I think it's a smart direction and will has a big impact," says Spence.

He adds as the country gets richer it's able to build a sound ecosystem¹⁶ that helps foster entrepreneurship in the tech sector and help reduce costs in digital manufacturing.

1 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

2 advancement   

n.前进，促进，提升

参考例句：

• His new contribution to the advancement of physiology was well appreciated.他对生理学发展的新贡献获得高度赞赏。
• The aim of a university should be the advancement of learning.大学的目标应是促进学术。

3 unprecedented   

adj.无前例的，新奇的

参考例句：

• The air crash caused an unprecedented number of deaths.这次空难的死亡人数是空前的。
• A flood of this sort is really unprecedented.这样大的洪水真是十年九不遇。

4 technological   

adj.技术的；工艺的

参考例句：

• A successful company must keep up with the pace of technological change.一家成功的公司必须得跟上技术变革的步伐。
• Today,the pace of life is increasing with technological advancements.当今， 随着科技进步，生活节奏不断增快。

5 fully   

adv.完全地，全部地，彻底地；充分地

参考例句：

• The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
• They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。

6 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

7 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

8 conducive   

adj.有益的，有助的

参考例句：

• This is a more conducive atmosphere for studying.这样的氛围更有利于学习。
• Exercise is conducive to good health.体育锻炼有助于增强体质。

9 essentially   

adv.本质上，实质上，基本上

参考例句：

• Really great men are essentially modest.真正的伟人大都很谦虚。
• She is an essentially selfish person.她本质上是个自私自利的人。

10 dedication   

n.奉献，献身，致力，题献，献辞

参考例句：

• We admire her courage,compassion and dedication.我们钦佩她的勇气、爱心和奉献精神。
• Her dedication to her work was admirable.她对工作的奉献精神可钦可佩。

11 innovating   

v.改革，创新( innovate的现在分词 )；引入（新事物、思想或方法），

参考例句：

• In this new century, the company keeps innovating and developing new products. 新世纪伊始，公司全面实施形象工程及整合营销，不断改革创新，开发高新产品。 来自互联网
• Beijing is backward most prime cause is innovating at system lack. 北京落后的最根本原因在于制度缺乏创新。 来自互联网

12 DNA   

(缩)deoxyribonucleic acid 脱氧核糖核酸

参考例句：

• DNA is stored in the nucleus of a cell.脱氧核糖核酸储存于细胞的细胞核里。
• Gene mutations are alterations in the DNA code.基因突变是指DNA密码的改变。

13 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

14 deployment   

n. 部署,展开

参考例句：

• He has inquired out the deployment of the enemy troops. 他已查出敌军的兵力部署情况。
• Quality function deployment (QFD) is a widely used customer-driven quality, design and manufacturing management tool. 质量功能展开(quality function deployment,QFD)是一个广泛应用的顾客需求驱动的设计、制造和质量管理工具。

15 bode   

v.预示

参考例句：

• These figures do not bode well for the company's future.这些数字显示出公司的前景不妙。
• His careful habits bode well for his future.他那认真的习惯预示著他会有好的前途。

16 ecosystem   

n.生态系统

参考例句：

• This destroyed the ecosystem of the island.这样破坏了岛上的生态系统。
• We all have an interest in maintaining the integrity of the ecosystem.维持生态系统的完整是我们共同的利益。