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City of Suzhou hosts ASEAN+3 Forum, digital economy sub-forum catches spotlight

04/08/2022 03:31 PM

KUALA LUMPUR, Aug 4 (Bernama) -- The city of Suzhou in China recently hosted the ASEAN Plus Three (ASEAN+3) Forum on Industrial Chain and Supply Chain Cooperation on July 29, 2022 with its sub-forum on digital economy catching the spotlight.

In a statement, the ASEAN+3 Forum organising committee said as a global industrial city advantageous in the open economy, Suzhou shared new ways to promote digital infrastructure construction, innovative application of digital technologies and green development of industrial chain and supply chain in the region.

It said the city has been making active efforts in recent years to promote the development of the digital economy, digital transformation and green and quality development by strengthening digital thinking and the philosophy of green development.

At the same time, it said information technology, biomedicine and other pioneering industries have been actively laid out.

In 2021, the value added of core industries in the digital economy hit US$48.84 billion (US$1=RM4.453), accounting for 14.6 per cent of the city’s gross domestic product.

Suzhou Municipal Development and Reform Commission said the city would continue to implement the strategy of digital transformation to build Suzhou into a first-class, globally renowned hub for the development of the digital economy in China in its five-year development plan.


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