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Meng Xiangqing, professor at China People's Liberation Army National Defence University, delivers a speech at the Jiaxing Digital Economic Development Forum on Oct 18. [Photo/cnjxol.com]

More than 10 experts shared their advice on the development of the digital economy in Jiaxing, East China's Zhejiang province at the Jiaxing Digital Economic Development Forum held on Oct 18.

Wang Junli, vice-chairman of China Reform Forum, believes that the city boasts a sound foundation for digital economy and should work to attract more high-quality projects and resources.

Economist Zhu Jiaming shared his views on constructing a special digital economy in Jiaxing. He suggested that the city should strengthen the role of blockchain in the construction of digital infrastructure, focus on the development of digital finance, and create an industry centered on quantum technology.

Zhang Xueli, head of the China Academy of Information and Communications Technology (East China Branch), suggested that the city should explore core digital technologies, digital transformation of manufacturing industries, and regional cooperation.

As the permanent site for the annual World Internet Conference, Jiaxing has always attached great significance to the digital economy. The added value of core digital industries in the city increased from 22.5 billion yuan ($3.52 billion) in 2015 to 50.69 billion yuan in 2020, a year-on-year rise of 17.6 percent.

The ratio of the added value of core digital industries to GDP grew from 6.4 percent in 2015 to 9.2 percent in 2020, the second highest in Zhejiang over the past five years.

Jiaxing has been designated a national pilot city of information economy and cross-border e-commerce as well as a national demonstration in broadband network.

Nanhu district, Jiashan and Tongxiang counties in the city have received approval from the provincial government to pilot innovative development in the digital economy.