The digital economy has effectively supported China’s economic development and has expanded during COVID-19, and it will continue to power the country in the post-pandemic era.
By Wang Bingnan, China’s Vice Minister of Commerce, China International Fair for Trade in Services (CIFTIS), September 2021, Beijing
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As a frontrunner, China’s digital economy kept a high growth rate of 9.7 % in 2020, according to a white paper released by the China Academy of Information and Communications Technology (CAICT). The country’s digital economy scale hit 39.2 trillion yuan (about $6.1 trillion) in 2020, accounting for 38.6% of the GDP.
With its digital economy ranking second in the world, China has highlighted the digital economy development in its 14th Five-Year Plan (2021-2025) to build a digital China. Chinese companies will be encouraged to explore opportunities in the overseas digital market, accelerating their research and development and strengthening cooperation with overseas partners in areas such as big data, 5G and artificial intelligence. Traditional industries are also being transformed by digital economy, including trade and investment, which is going through significant innovative changes.
In this ever-changing digital age, digital technologies have been widely used for trading activities as well as people’s daily lives in China. With nearly one billion internet users, China’s ecommerce sales grew to $1.7 trillion in 2020, which is equivalent to 30% of all retail sales in China (McKinsey & Company, 2021).
Connectivity among people has been greatly enhanced due to digitalisation, and we are all benefited from innovation and disruption. For example, omnichannel retail, social media, on-demand services, mobility, fintech, and healthtech – all of these have become indispensable for work and life in China.
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Empowered by digitalisation in China, CCN is committed to fulfilling its mission of promoting trade and investment through education in the digital era. With new technologies advancing tremendously and business paradigm shifting rapidly, CCN aims to develop global talent with a digital mindset and skills that are essential to diverse career opportunities in a changing environment. Amongst various programmes offered by CCN, which all offer a special element of digital awareness, the following programmes are tailor-made for international students who wish to enhance their digital savvy and readiness from innovative, strategic and enterprise perspectives.
Supported by CCN’s global partners in the government, higher education sector and business community, the University-Enterprise Alliance (UEA) degree programmes are offered to develop global talent for the future. Eligible international students can choose to study one of the following UEA programmes with unique perspectives in digital technology and digital economy:
Click here to learn more about UEA programmes.
Online learning helps us develop our abilities in time management and self-control. I strongly suggest that everyone should welcome digitalisation.”
Koo Beng He (Malaysian)
Graduated from CCN IFP Centre at Xi’an Jiaotong University
Now studying Bachelor’s degree in Big Data Management and Application at Xi’an Jiaotong University
The CCN Digital China Programme (DCP) is a short-term training course to provide international students with a unique opportunity to learn concepts and practices in relation to digital economy. It aims to develop students’ digital awareness and mindset through exposure to real-world business scenarios and best practices for industrial transformation and digital innovation in China in a global context. DCP is also designed to bring together the industry and students, developing innovative talents for companies while expanding career opportunities for students after graduation.
I want to know more about Chinese culture and economy as I plan to start my own business in China in the future.”
Fongloet Wattana (Thai)
Graduated from CCN IFP Centre at Harbin Institute of Technology
Now studying Bachelor’s degree in Cross-border eCommerce at Zhejiang Gongshang University
Click here to learn more about the DCP Programme.
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