China's core digital sectors logged over $6.7 trillion in revenue in 2023, official data shows

China had 2.92 million corporate enterprises engaged in the core industries of the digital economy, with 36.16 million persons employed as of the end of 2023, the fifth national economic census showed on Thursday.

The total yearly business revenue for the industries reached 48.45 trillion yuan (about $6.74 trillion), the National Bureau of Statistics said in a statement on its website.

Core industries of the digital economy involve economic activities that provide digital technologies, products, services, infrastructure and solutions for the digital development of industries, as well as those completely dependent on digital technologies and data elements.

Among the corporate enterprises, 262,000 were engaged in digital product manufacturing, 274,000 were in the digital product services sector, 1.43 million were in the digital technology application industry, and 950,000 were in industries driven by digital factors.

A total of 14.61 million individuals were employed in digital technology application firms during this period, ranking first in terms of proportion in the total employees for the core industries of the digital economy in 2023. According to the data, this was followed by 13.37 million employed in digital products manufacturing firms, 6.66 million in industries driven by digital factors, and 1.52 million in digital product service companies.

Meanwhile, digital product manufacturing enterprises logged 2023's highest business revenue of 20.48 trillion yuan. Digital technology application firms saw 14.04 trillion yuan in business revenue, followed by industries driven by digital factors with 9.74 trillion yuan, and the digital product services sector with 4.18 trillion yuan.