Netherland International Group website: epidemic situation stimulates the potential of China’s smart city

Novel coronavirus pneumonia has been rapidly reduced by

in China, and more deaths have been avoided. This is one of the functions of “smart city”. Technology is the propeller of economic growth. BCG predicts that the contribution of digital economy to China’s GDP will increase from 23% in 2020 to 48% in 2035. We focus on the potential of China’s smart city because it is no longer just a concept in China. In fact, one of the good news during the outbreak is that smart city apps have helped China curb the spread of the virus and boost the economy from a contraction in the first quarter to growth in the second quarter. < / P > < p > health code is only a case study of smart city management system in China. Other examples include better traffic management applications in the event of an accident, sewage leak alarms, and other applications for flood control and crime reduction. The basic components of smart city are communication network, smart phone, sensor, street light pole, traffic light pole, monitoring camera on buildings, big data center and artificial intelligence calculation for data analysis and solution discovery. It is estimated that China’s current “smart city” technology market is about 181 billion yuan. Although this is only 0.18% of China’s GDP, we expect that it will rise to 0.3% of GDP in 2025. < / P > < p > we believe that the speed of building smart cities in Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou will exceed the average speed in China, because the local governments have invested more money. By 2030, these five cities will become experienced smart city technology practice areas; by 2035, most areas of China will have smart city functions. This means that China’s economy can be urbanized faster. (translated by Wang Huicong)