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China is predicted to spend 2.8 trillion yuan (1 billion) in the digital transformation this year, and the figure is expected to surge to 3.2 trillion yuan in 2020 and 3.7 trillion yuan in 2021. Manufacturing (220.5 billion yuan), governments (193.4 billion yuan) and financial services (145.5 billion yuan) are the top three sectors in spending for the digital transformation in 2019, according to Deloitte.
China is attaching great importance to implementing the Made in China 2025 strategy, in a move to bolster its manufacturing competitiveness and bolster the global economy.
China has put a strong emphasis on the building of a social credit system since the State Council issued a guideline in 2014. The country will step up the building of social credit system by rolling out new market regulatory measures, according to an executive meeting of the State Council this week.
China is the world's largest market for food service restaurants, ahead of the United States. The country's food service restaurant market is expected to grow at a compound annual growth rate of 11.5 percent from 2017 to 2022, according to Research and Markets, a leading market research institute.
China is ratcheting up efforts to accelerate the commercialization of superfast 5G technology as it has built 198,000 5G stations and secured more than 50 million 5G mobile subscribers nationwide as of the end of March, the nation's top industry regulator said.
来源：资阳报