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Beijing Unveils Grand Plan to Grow Digital Economy as U.S. Moves Forward with Competition Bill


China’s 14th five-year plan on the digital economy is broad in scope, covering everything from communications to e-commerce.

Credit: Shutterstock

The 14th five-year plan on the "digital economy," published by China's State Council, or cabinet, is broad in scope, covering everything from communications to e-commerce.

It will be a "a key force in reorganising global resources, reshaping global economic structure, and altering global competitive landscape," according to the text of the document, which was issued on Wednesday but is dated December 12, 2021.

China must seize the opportunities offered by the digital economy, according to the plan. The document, which includes 11 chapters focusing on different areas, does not mention any country by name, but notes that "all major countries … are undertaking strategic planning and taking initiatives to create new competitive advantages [that will] reshape the international landscape in the digital age."

From South China Morning Post (Hong Kong)
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