The key of digital economy to Zhejiang's normal prosperity The key of digital economy to Zhejiang's normal prosperity

The key of digital economy to Zhejiang's normal prosperity The key of digital economy to Zhejiang's normal prosperity

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Overall prosperity has been a hot topic in China in recent years. After the nation has achieved its intention of alleviating intense poverty, naturally, the next step is to make people richer, that is, prosperity for all.

“The typical prosperity we desire is not egalitarianism. To use an analogy, we can first make the pie larger, then divide it accordingly through cost-effective institutional preparations. As the rising tide lifts all boats, everyone gets a fair share of the construction, and the building resources will benefit all our people in a more gigantic and equitable method,” said Chinese President Xi Jinping at the World Financial Forum in 2022.

And the first step to realizing the usual prosperity is to make more funds, or in other words, to increase the economic pie. As the demonstration zone for standard prosperity in China, Zhejiang's financial pie has doubled in the past ten years, expanding from 3.4 trillion yuan (US$ 0.49 trillion) in 2012 to 7.35 trillion yuan in 2021.

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Decoding Standard Prosperity: What is China's Normal Prosperity? Why Zhejiang?

Prioritized digital economic climate

The bigger pie laid a great foundation for the province's goal of common prosperity. On the back of the rapid economic building within the Japanese Chinese province is the digital economy. 

seeing that at the end of 2017, Zhejiang Province prioritized the creation of digital economic system and accelerated its pace of using digital tools to drive industrial modernization. 

According to the White Paper on Building Zhejiang's Digital Economy (2022), the cost brought by the province's digital economic system reached 3.57 trillion yuan in the final year, reaching 48.6% of its Gross Domestic Product (GDP) .

Found in the capital metropolis Hangzhou, a “future manufacturing facility” called XIOLIFT is an example of the province’s developing digital economic climate. 

XIOLIFT is now probably the largest elevator manufacturer in China. In their “future factory”, robots are busy producing different materials for elevators with barely a worker in sight.

Feng Tieying, vice president of factory operation, noted that this is due to the digital twin manufacturing unit, which is a device where precise robots react in real time to human directives on the device.

“In the beginning, I had to have 5 to 6 workers to regulate the parameters of different equipment,” said Feng, including that “Now, I just deserve to come to the digital twin factory, press a button and everything is immediately adjusted.” ”

This has enormously increased the efficiency and quality of products. Now, the most practical takes at least two minutes to do a lift, and the most effective five business days for personalized needs.

Digital equipment made the company expand earlier. The business had more than 10 billion yuan in orders last year and can still preserve a growth expense of about 30 pC, Feng said.

According to Ye Jiansong, deputy director of Zhejiang Economics and Suggestions Specialization Department, the province now has 32 future factories and 423 digital factories, and will nurture another sixty-eight future factories in the next 5 years.

“The input value of the digital economy is expected to double, reaching 7 trillion yuan by 2027,” said Ye.

Improving villagers from digital experience

Digital equipment is also helping to generate more wealth for the province's farmers. 

In Huzhou metropolis, the use of digital know-how in raising sheep guarantees superior quality, so it guarantees better earnings compared to old methods. 

Lv Chenchen, who decided to return to the nation-state after graduating from college, became a sheep farming technician. She now works on a smart farm in Lvshan city.

The farm has more than 50,000 sheep. Managing so many sheep is something farmers can never think of before. However, now things have changed. 

On the farm, each sheep has its own earring or ID card and farm staff can scan them to get the sheep's key clues along with gender and grade. In addition, there are also management rooms where the sheep's life and life can be adjusted to provide a suitable growing environment. 

Currently, the sheep trade in the city is reasonably mature, providing many jobs for residents. With an estimated production cost of around 460 million yuan, the sheep industry now occupies 60% of the village's rural sector.

According to Chen Hao, secretary of the Huzhou Municipal Committee of the Communist Party of China, the city has focused on truly specialized rural industries comparable to tea, fishing, sheep farming and the use of digital equipment to drive comprehensive revitalization. and rural prosperity.

“As an example, we created a business mind for white tea in Anji County,” Chen noted, including that “without any problems, it included the company cost of Anji white tea. In 2021, the production value of Anji white tea multiplied 12.8 pC year on year, increasing with the help of 8,600 yuan for farmers on average.”

In addition to manufacturing and agriculture, digitalization is also accelerating the boom in other sectors. The province's degree of digitalization in manufacturing, supplier and agricultural industries ranked first in the country in 2021. The digital economic system is accelerating Zhejiang's economic growth and paving its way to common prosperity.

Jéssica Esteves
Jessica Esteves
I'm Jéssica Esteves, an article writer with a degree in Journalism since 2021. I live in Itu, SP, and I'm 28 years old. I work with blogs, writing texts about technology, well-being and lifestyle, always seeking to add value to people's lives. My writing is clear and accessible, the result of thorough research. I'm passionate about cats, which bring me inspiration and joy. I am dedicated to contributing positively to the online community, creating content that is true tools of transformation and personal growth for my readers.