China's Digital Industry Witnesses 12.9% Year-on-Year Growth in Q1
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Author:小编   

On May 14, data released by the Ministry of Industry and Information Technology revealed that China's digital industry had a promising start in the first quarter of the year. This was marked by a substantial surge in industry profits, accelerated integration and utilization of artificial intelligence, and the continual emergence of fresh growth drivers. The figures indicated that digital industry revenue soared to RMB 9.5 trillion in the first quarter, representing a 12.9% year-on-year increase. Propelled by the robust profit growth within the electronic information manufacturing sector, the overall profit of the digital industry climbed to RMB 737.8 billion, marking a 23.6% year-on-year uptick. Notably, this growth rate surged by 16.6 percentage points compared to the corresponding period in the previous year. During the same timeframe, the internet business sector exhibited vigorous growth, with business revenue for internet and related service enterprises of designated size reaching RMB 502.7 billion, a 10.6% year-on-year increase. The growth rate in this sector also accelerated by 9.2 percentage points compared to the same period last year. Additionally, the deployment of computing infrastructure has been expedited. By the end of March, the total number of standard racks in operational computing centers across China had reached 14.45 million, and over 70 major computing channels have been set up around computing hubs. The digital industry is showing a pronounced clustering effect, with the top ten provinces in terms of digital industry revenue—including Guangdong, Jiangsu, Beijing, Shanghai, and Zhejiang—accounting for 89.1% of the national digital industry revenue growth.