Jinhua's Digital Industry 1st in Delta

Post Time: 2019-10-08

    On September 23, the 21st Century Business Institute and the Ali (Alibaba) Research Institute jointly released the 2019 Report on Digital Economy Indexes of Cities in the Yangtze River Delta Region. The report analyzes the development of the digital economy of 27 key cities, including Shanghai, Hangzhou, Huzhou, Shaoxing, Jinhua, Taizhou, Wenzhou, Nanjing, Suzhou, Wuxi, Hefei, Wuhu, Xuancheng. The indexes show that the integrated development of the Yangtze River Delta has started a new chapter in the digital economy era. Jinhua's digital industry index ranks first in the Delta, reflecting Jinhua's strength in the digital economy of China.

    Jinhua scored 58 points on the digital economy index. Although there is a gap between Jinhua's overall digital economy strength and that of Hangzhou, Jinhua shows great performance in many subindexes. At the same time, the report also reflects some areas for improvement in Jinhua.

    The report covers five secondary indexes (digital infrastructure, digital commerce, digital industry, digital government affairs, and digital livelihood services), 20 tertiary indexes (including logistics infrastructure and digital offices), and 40 quaternary indexes of the 27 cities. Jinhua's regional trade index ranks first because Yiwu combines the small commodities industry with e-commerce so closely that it has the largest number of Taobao villages (clusters of rural e-tailers in administrative villages) in China. Yiwu greatly promotes Jinhua's digital economy. Jinhua ranks sixth in living expenses with 51 points, but it failed to enter the top ten in terms of medical services index, education services index, and transportation expense index.

    As Dr. Qiu Han of Alibaba Business School says that the digital economy is a battle, not a trend, and it cannot be planned or developed as an industry. As for overall ranking, Hangzhou and Shanghai show the best development of the digital economy, with 83 and 74 points, respectively. The next cities on the list are Suzhou, Nanjing, Ningbo, Jinhua, Hefei, Jiaxing, Wenzhou, and Changzhou. These cities have different strengths in the digital economy. For example, Jinhua ranks first in the digital industry index; Nanjing ranks second in the digital infrastructure index; Ningbo ranks second in digital government affairs.

    As a prominent city in the e-retail business, Hangzhou has worked hard to construct and develop a smart city. At the previous 1st Mobilization Conference of Hangzhou to Build the Best City of the Digital Economy in China, it was suggested that the “best city” would allow unlimited imagination, assist in achieving entrepreneurial dreams, promote the digital industry, and be governed by a digital system. The subdivision index rankings prove Hangzhou's strength in these exact areas. Among the five secondary indexes, Hangzhou hits the top of four: digital infrastructure, digital commerce, digital government affairs, and digital livelihood service. (By Fang Linghang, translated by Jin Haiqiong, edited by Kendra Fiddler)



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