On October 12th, China Academy of Information and Communications Technology released the report A New Picture of Global Digital Economy (2019). The report pointed out that although the global economic growth momentum has weakened, the digital economy of various countries has had remarkable development. According to the report, in 2018, the size of the US digital economy ranked first in the world with a capacity of 12.34 trillion US dollars. China follows as the second with a 4.73-trillion-dollar digital economy.
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