Hainan, China: Building a Leading Hub for Digital Economy Innovation

BlockBeats News, August 4th. The Hainan Province of China issued the "Three-Year Action Plan to Accelerate the Construction of a Distinctive and Advantageous Modern Industrial System in Hainan Province," which pointed out the goal of building a hub for the digital economy. It will promote the transformation of the Haikou Rejuvenation City Digital Economy Industry Cluster and the Hainan Eco-Software Park Digital Economy Industry Cluster towards innovation-driven and application-driven development. The plan includes accelerating the development of computing power industry, fostering the growth of the data factor market, promoting orderly data security flow, and building core competitiveness in digital application scenarios based on blockchain, AI, big data technology to drive the advancement of digital health, digital entertainment, and sharing platforms. It will actively promote the development of industries such as gaming exports, data processing, semiconductor chips, and integrated circuits. By focusing on the digital transformation of companies in areas such as petrochemical new materials, modern biomedicine, high-end food processing, and equipment manufacturing, it aims to advance the integrated development of digital and real economies. By 2027, the core industry revenue of the digital economy in the province is expected to reach 220 billion yuan. (Soochow Securities Daily)