Digit: Powerful Engine of Hangzhou’s Quality Development

This year digital economy has become a powerful engine that leads Hangzhou’s quality development. Data show that the added value of the core industry of Hangzhou’s digital economy in the first half of this year has reached 230.6 billion yuan, occupying 26.7% of GDP with a year-on-year growth of 16.7%. The average growth rate of recent two years reaches 13.6%, which is 6.6% higher than the growth rate of GDP. As the pacesetter of national digital economy, Hangzhou empowers traditional manufacturing with digital technology to activate the energy of development while nurturing digital advantages and strengthening digital industry.