Guizhou Gears Up for Digital Domination: Aims for Over 45% Digital Economy Share in 2024″
Southwest China’s Guizhou Province is setting its sights on a bold digital future, aiming for over 45% of its GDP to come from the digital economy in 2024. This ambitious target, exceeding 1 trillion yuan, was announced during the ongoing annual session of the provincial people’s congress.
Guizhou has already made significant strides in digital development. In 2023, the digital economy contributed a substantial 42% to the province’s GDP, exceeding 2.09 trillion yuan. This impressive growth can be attributed to several factors, including:
Guizhou is one of China’s eight designated national computing hubs, experiencing a surge in computing power. Deputy Director of the Provincial Development and Reform Commission, Peng Xianhua, highlighted the 93-fold year-on-year increase in the number of intelligent computing chips in use, exceeding 70,000.
Guizhou is not lagging in 5G infrastructure either. The province deployed a staggering 35,000 new base stations across key areas, industrial parks, and transport hubs in 2023, ensuring widespread connectivity for its digital ambitions.
He has established himself as a national leader in the big data industry. Since being approved to build China’s first national, comprehensive big-data pilot zone in 2016, the province has leveraged this expertise to fuel its digital transformation.
This aggressive push towards a digital-driven economy highlights Guizhou’s commitment to innovation and future growth. The success of this initiative could not only benefit the province itself but also serve as a model for other regions in China seeking to embrace the digital future.