CHINA-LEADERSHIP: POLITBURO DISCUSSES DIGITAL ECONOMY AT ITS MONTHLY 'STUDY SESSION' ON OCTOBER 18
|
The Politburo held its monthly study session on October 18 to discuss promotion and development
of China’s digital economy. It was presided by Xi Jinping who, in his speech, described "the digital
economy as fundamental to China's future development" and said “We must seize the opportunities,
and seize the commanding heights of future development.“ He added “We must use new Internet
technologies to carry out all-round and full-chain transformations of traditional industries.” Xi
Jinping also spoke of the integration of digital technology into the “real economy”, like
manufacturing, services, and agriculture. He suggested: Accelerating the construction of new digital
information infrastructure; Enhancing the competitiveness of key links in the industrial chain;
Improving the supply chain system of key industries; and accelerating the iteration of products and
services. He said China must also: Investigate and deal with monopoly and unfair competition and
strengthen tax supervision and tax inspection.
|