New development drivers are increasingly underpinning China’s growth, adding to economic vitality and innovation capability, an index shows.
The new growth driver index, compiled by the National Bureau of Statistics, increased by 35.4 percent in 2021 from a year earlier to 598.8, the bureau said Wednesday.
With 2014 as the base year and 100 points as the base value, the index measures the vitality of new industries, new business forms and models, with sub-indexes covering the internet economy, innovation capability, economic vitality, knowledge level and industrial upgrade.
RAPID INTERNET ECONOMIC GROWTH
While all sub-indexes climbed in 2021, the sub-index for the internet economy surged 48.4 percent year on year to 1,963.6, contributing 81.9 percent to growth in the new growth driver index.
China has been pushing forward the construction of 5G and gigabit optical networks, fostering the…
