Core Insights - The digital economy in China is rapidly growing, with the core industries expected to account for about 10% of GDP by 2024 [1][2][19] - The core industries of the digital economy include digital product manufacturing, digital product services, digital technology applications, and data-driven industries [2][19] - In 2023, the added value of the digital economy's core industries reached 12.7555 trillion yuan, with significant contributions from various sectors [2][19] Industry Development - The number of enterprises in the digital economy core industries reached 4.5741 million by the end of November 2024, marking a 17.99% increase from the end of 2023 [3][19] - The growth in enterprise numbers reflects the acceleration of digital China construction and the increasing support of the digital economy for high-quality economic development [3][19] Technological Innovation - Technological innovation is a key driver for the development of the digital economy core industries, with significant advancements in areas such as 5G, artificial intelligence, and quantum computing [7][8] - In 2023, the number of invention patents authorized in the digital economy core industries reached 406,000, accounting for 45% of the total authorized patents in society [2][7] Infrastructure and Market Development - China has established the world's largest mobile communication and fiber broadband network, with 5G base stations reaching 4.251 million by the end of 2024 [4] - The online retail sales in China for 2024 are projected to be 15.5225 trillion yuan, reflecting a 7.2% increase from the previous year [4] Data Resource Utilization - The digital economy core industries have significantly improved the level of data resource development and utilization, providing advanced technology and tools for deeper data resource utilization [19] - The added value of the digital technology application industry was 5.56 trillion yuan in 2023, while the digital product manufacturing industry contributed 4.31 trillion yuan [19][20] Challenges and Recommendations - Despite the rapid growth, challenges remain, including a lack of specialized institutions, the need for improved technical levels, and the expansion of application ranges [20] - Recommendations include encouraging traditional enterprises to develop data businesses, enhancing collaboration among industry, academia, and research, and supporting enterprises in transitioning from business-driven to data-driven models [20]

Core Insights - The National Taxation Administration of China is monitoring national enterprise sales revenue using value-added tax invoice data, reflecting the macroeconomic situation [1] Group 1: Sales Revenue Growth - In April, the sales revenue growth rate of national enterprises accelerated, with a year-on-year increase of 4.3%, continuing the steady growth trend since the fourth quarter of last year [2] - Domestic sales revenue of enterprises engaged in exports to the U.S. increased by 4.7% year-on-year, with the proportion of domestic sales in total sales rising by 2 percentage points compared to the first quarter [4] Group 2: Sector Performance - Among 31 manufacturing categories, 21 industries saw an increase in the proportion of domestic sales for enterprises exporting to the U.S. compared to the same period last year, with notable increases in the leather and footwear industry (10 percentage points) and in computer communication equipment, black metals, furniture, and food industries (over 5 percentage points) [4] - The sales revenue of industrial enterprises showed significant growth in April, with a year-on-year growth rate of 3.7%, and manufacturing sales revenue increased by 4.4%, driven by policies such as "two new" [4] Group 3: Regional Performance - Economic provinces like Zhejiang, Guangdong, and Beijing experienced strong growth in sales revenue in April, with year-on-year increases of 7.3%, 6.6%, and 5.4% respectively, significantly outpacing the national average [4] - The growth in these regions is particularly driven by innovative industries such as artificial intelligence, leading to accelerated development in equipment manufacturing and high-tech industries [4]

Core Insights - The fifth national economic census in Xi'an reveals significant growth in the number of legal entities engaged in the secondary and tertiary industries, with a total of 470,800 units by the end of 2023, marking a 91.1% increase compared to the end of 2018 [1][2] Group 1: Legal Entities and Employment - By the end of 2023, the number of legal entities in the secondary and tertiary industries reached 470,800, an increase of 224,500 units, or 91.1% from 2018 [1] - The number of individual business operators reached 651,300, an increase of 118,600, or 22.3% [1] - Employment in the secondary and tertiary industries totaled 5.2973 million, an increase of 1.2681 million, or 31.5% since 2018 [2] Group 2: Industry Breakdown - The top three industries in terms of legal entities in the secondary and tertiary sectors are wholesale and retail (127,800 units, 27.2%), construction (86,200 units, 18.3%), and rental and business services (71,700 units, 15.2%) [1] - In individual business operators, the leading sectors are wholesale and retail (285,900 units, 43.9%), accommodation and catering (120,800 units, 18.6%), and information transmission, software, and IT services (63,100 units, 9.7%) [2] Group 3: High-Tech and Digital Economy - The number of legal entities in the information transmission, software, and IT services sector grew by 155.4% to 39,824 units, with employment increasing by 58.6% to 325,357 [3] - The high-tech manufacturing sector saw a 68.9% increase in legal entities, totaling 500, which represents 27.4% of all large-scale manufacturing entities [4] - The digital economy core industry had 45,903 legal entities, generating an annual revenue of 655.57 billion, with digital product manufacturing accounting for 54.7% of this revenue [6]

Core Insights - The report indicates that as of the end of Q1 2025, the number of core digital economy enterprises in China reached 3.81 million, representing a year-on-year growth of 20.5%, showcasing a positive trend in the development of the digital economy core industries [1][3] Industry Distribution - The digital technology application sector leads in enterprise growth, accounting for 55.4% of the total number of core digital economy enterprises, with a year-on-year increase of 21.9%, indicating that the continuous development of digital technology is driving digital transformation and intelligent upgrades across various industries [3] - The digital product manufacturing sector saw a year-on-year growth of 12.9%, with industrial robot manufacturing experiencing a significant increase of 27.1% [3] Regional Distribution - The eastern region of China leads in the scale and stability of the digital economy core industries, comprising 56.2% of the total number of enterprises, with a year-on-year growth of 18.8%, demonstrating a relatively complete digital economy industry that supports high-quality national development [3] - The central region shows a remarkable growth rate of 28.4% year-on-year in the number of digital economy core enterprises, exceeding the national growth rate by 7.9 percentage points, indicating substantial potential for development in this area [3] Data Source and Methodology - The report's data is sourced from the Zhongjing Weekly Digital Economy Intelligent Decision-Making System, which utilizes big data and artificial intelligence to establish a comprehensive database for core digital economy enterprises, supporting real-time updates and multidimensional data analysis for in-depth research and precise decision-making [6]