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CHINA – GOVERNMENT TO BOOST $3.8 TRILLION DIGITAL ECONOMY TO CREATE MORE JOBS (REUTERS)

China’s government today called for further advancement in the country’s $3.8 trillion digital economy, saying sectors such as big data and artificial intelligence (AI) will become drivers of job creation, Reuters reports. “China will promote the digital transformation of traditional sectors, driving more workers to switch jobs and improve the quality of employment,” the National Development and Reform Commission (NDRC) said. The NDRC also said the country will make further inroads into areas such as the internet of things, big data, cloud computing and AI, and create more high-end jobs. Furthermore, the country will also actively attract foreign talent to promote the innovation of its digital economy. China’s digital economy rose 18% to $3.8 trillion last year, equal to a third of the country’s gross domestic product (GDP), Reuters reported citing data from the China Academy of Information and Communications Technology.

Source: staffingindustry.com