China Has Built Up its Digital Muscles

Digital technologies play an increasingly important role not only in everyday life but also in the global competitiveness of leading countries. According to latest estimates from UNCTAD, the United States continues to have the world’s largest ICT sector, estimated at 5% of GDP or almost $1 trillion. Due to China's rapid economic and ICT investment growth in recent decades, however, the country's digital sector has closed in on the United States' ICT sector. The gap between the two ICT sectors is now just $30 billion in PPP terms.