Hainan, China: Building an Innovation Hub for the Digital Economy

According to Mars Finance, on August 4, the Hainan Province of China issued the "Three-Year Action Plan for Accelerating the Construction of a Modern Industrial System with Characteristics and Advantages in Hainan Province," which points out the goal of building an innovative highland for the digital economy. It promotes the transformation of the Haikou Revival City digital economy industrial cluster and the Hainan Ecological Software Park digital economy industrial cluster towards innovation-driven and application-driven development. It accelerates the layout of the Computing Power industry, speeds up the cultivation of the data factor market, facilitates the secure and orderly flow of data, and builds core competitiveness in digital application scenarios based on Blockchain, A1, and big data technology, enhancing the levels of digital health, digital entertainment, and shared platform sectors. It actively lays out industries such as game exports, data processing, semiconductor chips, and integrated circuits. The digital transformation of enterprises in fields such as petrochemical new materials, modern biomedicine, high-end food processing, and equipment manufacturing is promoted as a scenario for advancing the integration of digital and physical development. By 2027, the operating income of the core digital economy industries in the province is expected to reach 220 billion yuan. (Zhitong Finance)