The digital economy, a model that has emerged following the agricultural and industrial economies, has been thriving. In China, its added value increased from 2.6 trillion yuan ($410.09 billion) in 2005 to 39.2 trillion yuan ($6.18 trillion) in 2020, said a white paper published by a think tank affiliated with the Ministry of Industry and Information Technology.
As "metaverse" became the buzzword of 2021, Chinese tech giants are also looking for opportunities in what might be the next phase in the internet's evolution.
The bobsleigh race at the upcoming Beijing Winter Olympics is set to be faster and more fierce, as a new sled developed using Chinese rocket technology will take to the high-speed sporting slopes.
Having been through a tough year in energy production, China will make all-out efforts to ensure coal production and keep coal prices at a reasonable level in 2022.
Pilot scenarios for using digital RMB during the upcoming Beijing 2022 Winter Olympics are expected to fast-track the application of the new payment form.