On May 30, 2022, Beijing Municipal Bureau of Economy and Information Technology announced an action plan to promote the development of the city's digital economy.
The plan aims to improve the supply capacity of digital technology and nurture an innovation ecosystem, with a focus on core technologies such as high-end chips, artificial intelligence, and blockchain.
Domestic and foreign open-source projects will be encouraged to set up operations in Beijing, and efforts to open and share data will be intensified.
According to official data, the added value of Beijing's digital economy reached 387.36 billion yuan (57.9 billion U.S. dollars) in the first quarter of 2022, a 7.2 percent year-on-year increase that accounted for 41.2 percent of the city's GDP.
