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Pan-semiconductor industrial park in Haining, Jiaxing. [Photo/cnjxol.com]

Jiaxing in East China's Zhejiang province was ranked second in the province in terms of the development of its digital economy in 2020, surpassing Ningbo for the first time, according to a report about Zhejiang's digital economic development released by provincial authorities.

The application of the 5G network in Jiaxing has been accelerated. To date, all the district, counties, and major places in the city have 5G coverage. Jiaxing is now leading other cities in Zhejiang in terms of the coverage density of 5G stations.

As of the end of 2020, 24.7 households per 100 local residents were connected to the 5G network. The 5G network is currently more popular among large-scale companies than local residents.

The digital economy has become the most dynamic economic field in Jiaxing. In 2020, the added value of core digital economic industries totaled 50.69 billion yuan ($7.96 billion), accounting for 9.2 percent of Zhejiang's total GDP.

Nanhu, Haining and Jiashan in Jiaxing also performed well in digital industrialization and were ranked among the top 10 in this area in Zhejiang.

Jiaxing has also achieved remarkable development in developing new business forms. The intelligent photovoltaic industry in Xiuzhou district has been developed rapidly and the annual output value of the industry is now in excess of 30 billion yuan. The integrated circuit industry in Nanhu and Jiashan has also been growing steadily.