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China's GDP expanded 4.5 percent year on year in the first quarter of 2023. Data from the National Bureau of Statistics showed economic activity increasing nationwide. But it's the digital economy that has again helped boost growth across a number of sectors. In March, major digital industries were up 14.1 percent year on year, 7.3 percentage points higher than the whole of last year. Data-driven businesses and digital tech industries grew 24.5 percent and 19.8 percent respectively year on year, according to the state taxation administration. The first quarter of 2023 saw a boom in the market led by AI products. Chinese tech giants Baidu and Alibaba both launched large language models looking to capitalize on this latest round of digital innovation.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466