China’s State Council published a blueprint on Jan. 12 for the development of the digital economy that aims to increase the contribution of core digital economy industries to 10 percent of gross domestic product (GDP) by 2025. The document’s targets were drawn up in line with the country’s 14th Five-Year Plan that runs from 2021 to 2025, capturing China’s ambitions to boost its global competitiveness in advanced technologies such as semiconductors and artificial intelligence. The plan defines the digital economy as a form of economic activity in which the key factor of production is data resources, the main carrier is...