The digital economy is bursting with energy

The digital economy is the future development direction of the global economy and is becoming a key force in restructuring global factor resources, reshaping the global economic structure and changing the global competitive landscape. With high innovation, strong penetration and wide coverage, the digital economy is not only a new economic growth point, but also an important fulcrum for transforming and upgrading traditional industries. It can extend the industrial chain and smooth the international economic cycle of the country.

At present, the digital economy is developing at an unprecedented speed, with a wide range of radiation and unprecedented depth of influence, and is gradually becoming a key force in changing the future shape of industry and shaping new advantages in global competition, providing new opportunities for opening up new tracks in new areas of industry. Accelerate the development of the digital economy, promote the deep integration of the digital economy and the real economy, and build a digital industry cluster with international competitiveness. In recent years, the increasing degree of integration between China's digital economy and the real economy is the result of the combined effect of market demand pulling, technology innovation driving, digital industry driving, digital infrastructure and human capital support. It is important to fully grasp the new trend of integration between the digital economy and the real economy, seize the new opportunities bred in the process of global industrial structure and layout adjustment, explore new paths of integration between the digital economy and the real economy, and strengthen the foundation and add vitality to high-quality development.

The integration of elements is a prerequisite for the integration of digital and real. The development of production activities requires the input of production factors, and early production activities mainly rely on production factors such as land and labour. As the integration of the digital economy and the real economy gradually shifts from the consumer sector to the production sector, the integration of data with other factors of production becomes more important, depending on the degree of maturity and commercialisation of new generation digital technologies such as big data and cloud computing. The role of data in creating value for all sectors of the national economy, including the manufacturing sector, is becoming increasingly important and profoundly affects the actual utility of production functions. However, it should also be noted that different industries, regions and groups have different digital foundations and significant differences in development. Data transformation of production functions must build on the existing digital foundation and gradually deepen the understanding of digital-real integration in terms of factor substitution, utility multiplication, performance enhancement and input extension.

Technology integration is an important element of the integration of the digital and the real. Digital technology is a form of technology drawn by application, the higher the frequency of application, the wider the scope, the deeper the degree, the higher the level of digital technology development. The powerful combination of promoting the integration of digital and real is to establish the connection between manufacturing application scenarios and digital industry through technology integration, break through the basic technology and key common technology in the digital field, and continuously meet the new demand for high-quality development of the real economy. In the long run, the manufacturing industry has realized industrial digitalization through digital transformation, accelerated the extension and expansion in the direction of digitalization, networking and intelligence, and the characteristics of software-defined, data-driven, platform-supported, service-value-added and intelligence-led are becoming more and more obvious. China has the advantage of a super large-scale market, and the digital literacy and application skills of enterprises are generally high, with strong demand for digital applications. The most cutting-edge technical problems of all kinds, the most extensive digital needs, the richest data resources and the most diverse application scenarios are all concentrated in the physical sector represented by the manufacturing industry. By establishing the application scenarios, there will be room for digital trials for the ground verification and iterative upgrading of new technologies and products, which may give rise to a number of digital industries and digital enterprises with world influence and global competitiveness, and provide new possibilities for digital products and services.

Physical integration is the key carrier for digital-real integration. 5G base stations, big data centres, industrial internet and other digital infrastructures have become carriers that link the physical space and the virtual world, and are conducive to promoting cross-industry cross-border integration and interconnection. At present, China has more than 150 industrial internet platforms with industry and regional influence, and the number of industrial equipment connected to key platforms exceeds 79 million units. By deeply integrating with the manufacturing and productive service sectors, and thus promoting innovation and development in new infrastructure, application models and industrial ecology, it is able to achieve a comprehensive connection to people, machines, things and systems. Looking to the future, the industrial metaverse will likely become a new vehicle for strong interaction and deep integration of the digital and real economies. We must continue to form an infrastructure with public attributes through digital organic connection and promote the deep integration of the digital economy and the real economy.

Process fusion is the core essence of digital-real fusion. In the era of digital economy, the operation mode of the original processes of enterprises is undergoing great changes, and the construction of "information", "automation" and "intelligent" end-to-end processes will drive a new round of Process re-engineering and optimisation. Large industrial enterprises are promoting efficient collaboration through digital processes of "business collaboration + data sharing", making production systems increasingly self-aware, self-learning, self-decision-making, self-executing and self-adaptive, and truly user-centric. In this process, business processes and management processes are connected, and at the same time a loop is formed with the data warehouse, forming a digital expression of the main process, docking all the sub-processes and promoting the integration of production systems. Process fusion enters a new stage of development with data, technology and physical fusion promoting each other, further promoting the transformation and upgrading of manufacturing towards intelligence, personalisation, networking and digitalisation.