LI Sanxi and WU Yufan: The Development of the Digital Economy Empowers the Accelerated Advancement of Chinese Modernization

At present, a new wave of digital technology revolution is emerging, presenting a critical opportunity that must be seized to accelerate the advancement of Chinese modernization. The all-round development of the digital economy is closely linked with advancing and expanding Chinese modernization. First, developing the digital economy helps advance China's science and technology modernization while empowering China's new industrialization. Second, developing the digital economy empowers China's industrial modernization. Third, the digital economy also helps stimulate domestic consumption and fosters a robust domestic circulation. Last, developing the digital economy contributes to the steady advancement of common prosperity.

To empower the accelerated advancement of Chinese modernization through the development of the digital economy, targeted efforts are required in the following areas: First, leveraging digital technology innovation to empower high-quality economic development. Second, empowering Chinese new urbanization through the construction of a digital society. Third, empowering the modernization of government governance through the digital government construction. Fourth, supporting the comprehensive advancement of Chinese modernization through the construction of a digital ecosystem.

(The above viewpoints are excerpted and translated from an article titled "The Development of the Digital Economy Empowers the Accelerated Advancement of Chinese Modernization" published in China Youth Daily by LI Sanxi, Researcher at the National Academy of Development and Strategy, Director of the Digital Economy Research Center, and Professor at the School of Economics, Renmin University of China, and WU Yufan, Ph.D. Candidate at the School of Economics, Renmin University of China. )

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