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The International Conference on Digital Economy and Digital Silk Road proposes to jointly build a digital silk road
2018-09-20 09:55:26

Hosted by the People’s Government of Zhejiang Province, the “International Conference on Digital Economy and Digital Silk Road” was held in Hangzhou on September 18th. At this conference, the working mechanism of “International Industry Alliance for Digital (Online) Silk Road” was officially established. According to reports, the International Industry Alliance for Digital (Online) Silk Road aims to rely on the Digital Silk Road to promote the development of the digital economy and the construction of the digital Silk Road as the core goal and to promote the practical cooperation in digital economy between the countries along the “Belt and Road”. Currently, this alliance has established cooperative relationships with more than 30 countries and regions.


In order to support the development of the digital economy, the National Development Bank and the National Development and Reform Commission will jointly study the ideas, models and mechanisms for promoting the development of the digital economy. On the same day, the “Agreement on Developmental Financial Cooperation in Comprehensive Support of the Development of Digital Economy” was assigned, according to which 100 billion yuan is to be invested to support the construction of key projects in the fields of big data, Internet of Things, cloud computing, new smart cities, and the digital silk road in the next five years.


On the same day, Hangzhou also signed a letter of intent for cooperation with the city of Nish, Serbia, to strengthen the construction of the “Digital Silk Road”. And the two sides will promote the common development of the digital economy through deepening cooperation.


Zhejiang is at the forefront in terms of developing the digital economy and practicing the “Belt and Road” Initiative. This province has already listed the development of the digital economy as the No. 1 project. In the first half of this year, the gross regional product of this province increased by 7.6% year-on-year. It is striking that the added value of the core industries in the digital economy increased by 16.4% year-on-year, accounting for 9.1% of the gross regional product. This shows that the digital economy has become an important engine driving the development of this province.


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