Lenovo CEO calls for further development of China's digital economy

By Wang Yiming
0 Comment(s)Print E-mail China.org.cn, March 11, 2021
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Yang Yuanqing, chairman and CEO of Lenovo, delivers a speech at the World Intelligence Congress in Tianjin, June 23, 2020. [Photo/Xinhua]

Yang Yuanqing, chairman and CEO of technology giant Lenovo and a deputy to the 13th National People's Congress (NPC), recently called for greater promotion of China's computing infrastructure to support the high-quality development of the country's digital economy.

In the era of digital economy, "computing power and economic growth are closely connected," Yang said in an interview with China.org.cn during the fourth session of the 13th NPC. "In the future, computing power will become the primary driving force for the development of the digital economy, the foundation of intelligent development and a core strength of a country."

"In 2020, China's technological innovation drove the rapid development of the digital industry, and innovation of business formats and models empowered the digitization of traditional industries," Yang explained. "This served as an economic ‘anchor' for mitigating the economic impact of the COVID-19 pandemic and hedging risks."

During the past year, China has been gearing up digitalized development in various ways including undertaking projects to steadily advance the construction of new types of infrastructure such as 5G networks, data centers and the industrial internet.

The 2021 draft plan for national economic and social development delivered on March 5, 2021, stresses that China will develop the digital economy, develop the digital industry and transform industries with digital technologies, and create internationally competitive digital industry clusters. 

Lenovo's 5G-enabled laptop on display at the 2020 Consumer Electronics Show in Las Vegas, U.S., Jan. 8, 2020. [Photo/Xinhua]

"China's 14th Five-Year Plan highlights promoting the deep integration of the digital economy and the real economy," Yang said, noting that "new IT" infrastructure plays a big part in promoting this integration.

Yang explained that the term "new IT" refers to "intelligent transformation" — technologies, services and solutions needed for all industries to realize digital transformation, based on intelligent IoT terminals, edge computing, cloud computing, 5G networks and industry intelligence.

The application of "new IT" will help accelerate intelligent transformation and significantly improve the efficiency of technological innovation and the commercialization process of individual enterprises and the economy as a whole, Yang said. 

In the age of information explosion, he believes that enhancing "new IT" and computing power can better help get value out of data as the means of production.

Therefore, Yang stressed the need to construct new computing power infrastructure that is diversified, intelligent and efficient by strengthening the top-level design and overall planning, so as to support the high-quality development of the digital economy.

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