China’s Digital Economy Accelerates as Revenue Climbs 12.9% in the First Quarter Beijing Signals Strong Momentum Across 5G, Software, and Electronic Manufacturing BEIJING — China’s digital sector opened the year with another wave of expansion, reinforcing the country’s ambitions to become one of the world’s dominant technology and innovation powers. Official figures released by the Ministry of Industry and Information Technology showed that the country’s digital industry generated 9.5 trillion yuan, or approximately US$1.39 trillion, in revenue during the first quarter of the year. The figure represented a year on year increase of 12.9%, underscoring the rapid pace of transformation underway across China’s technology ecosystem. The growth rate was 3.5 percentage points higher than the same period last year, signaling a notable acceleration in activity despite persistent uncertainty in the global economy. At a time when many major markets continue to wrestle with slower growth, i...