The latest episode of the serial report launched by the Luohu New Media Center reviews the latest developments of Luohu’s digital economy.

Thanks to the district government’s support, new businesses and new models related to the digital economy have appeared in large numbers in Luohu over the past few years. They have not only become new growth drivers but also entered the daily life of people and many fields relating to business operations.

For instance, the launch of the digital renminbi currency and e-wallet has enabled Hong Kong residents to directly pay their bills through their smartphone when they travel to Luohu.

Luohu has taken the lead in the implementation of the digital renminbi and has taken a leading position in digital consumption, digital transactions, digital finance, and other sectors. Based on its geographical advantages, as a neighbor to Hong Kong, and the district’s strengths in consumer service capabilities, Luohu is now actively promoting a wide application of digital renminbi in everyday life.

In the future, Luohu will continue to follow the new trend of digital economy development, promote its integrated development and innovation with other industrial sectors, particularly the service industry, and draw more benefits from the merging of the digital economy and industry, capital, technology, and talent.