FUZHOU－In addition to using cash and digital payment platforms such as Alipay and WeChat Pay, participants at the fourth Digital China Summit have another payment option－the digital renminbi－if they want to buy beverages or snacks at the meeting venue.

After downloading a mobile app and depositing yuan, the money automatically changes into its digital form. The payment process is as simple as scanning a QR code on the app, similar to that of digital wallets, and transactions take place in real time. China has launched pilots of the digital currency in a number of cities.

China"s 14th Five-Year Plan (2021-25) highlights the development of the digital economy by promoting its deep integration with the real economy and building digital industrial clusters.

Huang Kunming, a member of the Political Bureau of the Communist Party of China Central Committee and head of the Publicity Department of the CPC Central Committee, stressed the importance of pursuing self-reliant, innovation-driven and high-quality development in advancing the construction of a digital China.