Digital Economy Hyperspeed
December 4, Wuzhen, Zhejiang Province: Visitors test a lip-reading system at the Light of the Internet Exposition during the fourth World Internet Conference (WIC).
During the conference, government representatives, heads of international organizations, experts, scholars, and entrepreneurs attended 20 forums, displaying achievements in innovation and discussing means of cooperation. Well-known global tech companies including Apple, Alibaba and Huawei released new products at the conference. According to reports issued at the conference on December 4, China’s digital economy reached 22.58 trillion yuan (about US$3.4 trillion) in 2016, ranking second globally and accounting for 30.3 percent of the country’s GDP.
Running from December 3 to 5, the fourth WIC is themed “Developing Digital Economy for Openness and Shared Benefits—Building a Community of Common Future in Cyberspace.”