Digital Economy

Chongqing Municipality in southwest China plans to shore up its digital economy by fostering innovative enterprises and industrial clusters by 2022.

Chongqing’s digital economy is expected to reach 1 trillion yuan ($141.32 billion) by 2022, accounting for more than 40 percent of its GDP and contributing over 60 percent to the total GDP growth, according to the municipal government.

The plan highlights cultivating hundreds of innovative enterprises