According to CGTN, China has unveiled the Digital China 2025 action plan, aiming to achieve key breakthroughs in AI, the data market, and digital infrastructure. The initiative includes developing a unified national data market, increasing computing capacity to over 300 exaflops, and boosting the digital economy to account for more than 10% of national GDP.
The China National Information Center reported a 37% growth in startup vitality and a 29% increase in innovative technology firms in April, contributing to GDP in more than a 10%. Following to the latest data from China’s State Administration of Taxation, for April, corporate revenue increased 4.3% year-on-year, with a 4.4% increase in the manufacturing sector. Companies in the high-tech and digital economy sectors saw revenue increases of 15.3% and 13.4%.
Challenges and opportunities
Sánchez’s recent visit to China with some of his ministers and business groups is part of a medium-term policy that should be beneficial to both parties. The high trade deficit (the value of imports is 6.5 times that of exports) highlights the need to make an effort to offset this imbalance. A generalized tariff policy is not the solution. China has achieved commercial hegemony in a context of openness and win-win strategies that benefit both parties.
In addition to the primary sector and tourism, Spanish industry can provide significant added value in technology (renewable energy, biotechnology, pharmaceutical and industrial design, for example) and services (improvements in smart transportation and integrated logistics, for example). It is essential to reach collaboration agreements between companies from both countries, as well as to expand influence in third countries by taking advantage of the competitive advantages that Spain has as a platform in relation to other geographical areas.
A basic strategy has three levels: academic, professional (joint projects), and industrial (collaboration between companies). I have promoted initially academic agreements with bilateral IPo with the SIAT (Shenzhen Institutes of Advanced Technology) network, in force since April 2020, and multilateral agreements with ANSO (Alliance of National and International Scientific Organizations) since November 2023, in which more than 50 countries participate. If you would like more information about these agreements, please send me a message.
In addition to the primary sector and tourism, Spanish industry can provide significant added value in technology (renewable energy, biotechnology, pharmaceutical and industrial design, for example) and services (improvements in smart transportation and integrated logistics, for example). It is essential to reach collaboration agreements between companies from both countries, as well as to expand influence in third countries by taking advantage of the competitive advantages that Spain has as a platform in relation to other geographical areas.
A basic strategy has three levels: academic, professional (joint projects), and industrial (collaboration between companies). I have promoted initially academic agreements with bilateral IPo with the SIAT (Shenzhen Institutes of Advanced Technology) network, in force since April 2020, and multilateral agreements with ANSO (Alliance of National and International Scientific Organizations) since November 2023, in which more than 50 countries participate. If you would like more information about these agreements, please send me a message.