China’s Digital Economy to Reach 50.2 Trillion Yuan, Ranks 2nd Globally

China’s digital economy is set to grow significantly with a nominal annual growth rate of 10.3%, accounting for 41.5% of GDP, per the Digital China Development Report (2022). The latest report from Mainland China shows that the digital economy’s scale is expected to reach 50.2 trillion yuan in 2022, securing the second spot in the […]