Beijing ranked first among the top 50 digital economy cities in 2022, followed by Shanghai, Shenzhen, Guangzhou and Hangzhou, according to a report jointly issued by eNet Research and Deben Consultancy.

A total of 8 cities in Guangdong province, 7 cities from Jiangsu province and 5 in Zhejiang were in the top 50. The coastal areas in southeastern China have strong power in digital economy.

In 2020, the scale of China's digital economy reached CNY 39.2 trillion yuan (USD 5.82 trillion), accounting for 38.6 percent of GDP. From 2011 to 2020, the aggregate of digital economy in China expanded 4.12 times, with annual compound growth rate at 17.06 percent, statistics showed.