East China’s Jiangsu province has spared no efforts to promote the development of the digital economy since the start of this year. Let’s take a close look.
Hu Yuxia and her husband run a home appliance store in Aiqian Town, Danyang city. Business has been brisk as they sell well-known brands and there are no middlemen profiteering from the sales.
Hu Yuxia, Home Appliance Retailer
"Ordinary stores purchase goods from agents, and we purchase goods directly from platform companies. This reduces the difference between agents’ profit and our retail price can be more user-friendly. The operating company gives us a lot of support such as planning by the professionals," said Hu Yuxia, Home Appliance Retailer.
The operating company Hu Yuxia referred to is Huitongda, an e-commerce dealer in Xuanwu district of Nanjing.
As an e-commerce service platform, the company promotes the digital upgrade of the entire industrial chain from the factory end to the farmer end by improving the digital management capabilities and business models of small shops in towns and villages, and guides them to better adapt to changes in rural consumption trends.
Hu Yuxia’s income from operating an electrical appliance store is more than double what she used to earn by working in big cities. Hu is not alone as there are more than 140 thousand small home appliance stores nationwide, covering 21 provinces and more than 19 thousand townships.
Huitongda's digital industrial layout is a case in point in the vigorous development of digital economy in Nanjing. Xuanwu District of Nanjing has given full play to the innovation capabilities of the digital economy by reporting 177 billion yuan of transaction in digital products last year.
Since the beginning of this year, by advancing the construction of landmark digital infrastructure, accelerating the R&D and application of digital technology and integration and innovation, Xuanwu District has taken the lead in making breakthroughs in new retail, digital finance, digital health, and digital trade, and has become an important engine for the development of Nanjing's digital economy.
Wu Heng, Director of the Development and Reform Commission of Nanjing Xuanwu District
"We will create a demonstration area for industrial digital transformation and application scenarios, create a benchmark area for the integrated development of industry and city driven by the digital economy, accelerate the in-depth integration of the digital economy and the real economy, and create a new digital economy development area with national radiation and regional demonstration capabilities," said Wu Heng, Director of the Development and Reform Commission of Nanjing Xuanwu District.
Jiangsu has accelerated its economic and social digital transformation by benefiting from a series of policy measures such as promoting the development of big data.
In the first quarter of this year, Jiangsu reported 54.47 billion yuan in wholesale and retail online sales, a year-on-year increase of 42.2%.
The operating income of the Internet and related services, software and information technology services, and professional technical services increased by 79.7%, 48.2%, and 50% year on year.
The province also reported an increase of 21.4% in the added value of information transmission software and information technology service industries.
The digital economy is gradually becoming a new engine and new driving force for Jiangsu's high-quality development.
(Source:ourjiangsu.com)
