China's Digital Economy in 2021

According to the white paper on the global digital economy, China reached USD 7.1 trillion in 2021, accounting for more than 18 percent of the amount of 47 major countries, ranking second after the United States.

Digital economy is a key force driving China's economic development. The white paper shows that from 2012 to 2021, China's digital economy grew at an average rate of 15.9 percent, with its share of GDP increasing from 20.9 to 39.8 percent.

According to the research, Germany, Britain, and the United States ranked among the top three in terms of their digital economy's share in GDP, all exceeding 65 percent. While in terms of growth rate, Norway's digital economy increased by 34.4 percent year on year, the fastest globally.