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Digital China: Powering the economy to global competitiveness

Back to Global China, Digital China

Digital China: Powering the economy to global competitiveness

China is already a major player in digital at home and around the world. It has 40 percent of e-commerce, processes 11 times more mobile payments than the United States, and is home to one-third of the world’s "unicorn" startups. There is still a large gap between China’s sectors and their counterparts in the United States, but that gap is narrowing rapidly. In 2013, the United States was 4.9 times more digitized than China; in 2016, that figure was 3.7 times.

The report was published to coincide with the Fortune Global Forum in Guangzhou, China, on December 6-8.

In the media

Digital China
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Project Syndicate: China, the digital giant

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Fortune: Commentary: How China became a digital leader

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Digital News Asia: Digitisation could shift up to 45% of industry revenue in China by 2030: McKinsey

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South China Morning Post: How digitalisation is taking China closer to its goal of a stronger and efficient economy

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Digital china
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Why China is emerging as a tech superpower to rival the US

Jonathan Woetzel discusses China’s digital innovation at the Fortune Global Forum in November 2017.
Digital china
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This is only the beginning for China’s explosive e-commerce growth

Jonathan Woetzel discusses the Digital China report at the Fortune Global Forum in November 2017.
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Retail tech innovations

ICS Money Talks visits a Shanghai store with innovative retail technology and speaks with Jeongmin Seong about China’s rapid digitization.
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Charting China’s Digital Economy

McKinsey Global Institute Director Jonathan Woetzel presents the New York launch of the organization's new report China’s Digital Economy and participates in a discussion about China's rapid digitization with Managing Director at CEC Capital Jiong Shao and Vassar College Professor Yu Zhou. The conversation was moderated by Economist senior correspondent Vijay Vaitheeswaran.

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