The overall digital and economic transformation that is about to spectacularly unfold domestically in its urban mega-clusters such as the Jing-Jin-Ji, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area, rural areas, and specific provinces, as China has now become a predominantly internal consumption economy and its 550 million rural inhabitants aspire to become digital entrepreneurs, is further detailed.
AI, big data, and the IoT will further consolidate Chinese pre-eminence. Huawei will lead the 5G revolution that will accelerate the future much faster than anticipated in the Western world. Alibaba and Tencent are already the sixth and seventh biggest companies globally by valuation and lead in sales, users, and data ecosystems.
Each economic sector, innovation, and company have been detailed in an encyclopedic form. The event of the century will be China becoming the world's leading economy again and official centre of the new world. Now it will lead again, realistically as early as 2025, and it will radically reshape the world in terms of technology, urbanization, rural transformation, culture, and the Belt and Road. China led the world for much of global economic history pioneering the likes of the compass, paper, printing, silk, and gunpowder. New technologies of the future such as 5G, the IoT, autonomous vehicles, and blockchain will take China into the stratosphere however driven by its entrepreneurial flair, academic brainpower, public support, and hyper-speed consumption of the world's most powerful middle class. Innovations such as virtual gifts, social e-commerce, AI apps, and super-apps are now being replicated around the world.Īdvanced technologies such as AI, robotics, livestreaming, and mobile payments dramatically impact major areas of the economy such as transportation, finance, and healthcare while sectors such as industrial manufacturing, sport, and education will further undergo digital transformation. China is now at the forefront of global innovation seen for example in AI, big data, e-commerce, and live-streaming and has specific leads in high-speed rail, electric vehicles, renewable energy, fintech, and drones. The Chinese Century is imminent and understanding what will be the world's largest economy, its culture, and its philosophy will be imperative to navigate the new world. It is paramount to understand Chinese consumerism that is going to define innovation in the Chinese Century. 16, 2021 /PRNewswire/ - The "Countdown to the Chinese Century: Global Digital Economy" report has been added to 's offering.Ĭhina is going to the world's biggest economy by as soon as 2025 at the latest (and 55% digital at around $12 trillion), $30 trillion (GDP) overall by 2030, and $50 trillion- $60 trillion (GDP/PPP) by 2050.
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