In today's rapidly evolving economic landscape, the seamless integration of the real economy with the digital economy has emerged as a critical strategy to foster sustainable growth and enhance global competitivenessTo achieve this integration, there is a pressing need to establish comprehensive frameworks governing various aspects, including technological research and development, financial investments, industrial growth, and sector regulationThis multi-faceted approach not only emphasizes the importance of nurturing both the real and digital economies but also charts a clear course toward high-quality economic advancement.

The push for deeper synergy between the real and digital economies highlights a significant paradigm shift within economic strategiesThe fundamental role of the real economy as the backbone of a nation's strength cannot be overstatedRegardless of how advanced an economy becomes, the foundational elements provided by traditional industries remain vital for maintaining competitive advantages on the global stageAt the same time, the digital economy, characterized by transformative technological innovations, is gaining momentum as a force restructuring global resource distributions and reconfiguring economic frameworksBy recognizing the interplay between these two sectors, nations can leverage their existing strengths while navigating the ongoing technological revolution for greater economic empowerment.

China, for instance, showcases a compelling case in this arenaWith its manufacturing sector enduringly ranked first globally for over a decade, the country boasts a sophisticated industrial ecosystem complemented by expansive market potential and advanced information infrastructureConcurrently, China's digital economy has sustained its position as the second-largest worldwide, driven by a vast market, abundant data resources, and versatile application scenariosThese dual advantages foster a fertile ground for merging tangible manufacturing capabilities with the agility of digital technologies, paving the way for a successful transition from being a manufacturing giant to a formidable power in both manufacturing and digital innovation.

The convergence of these two realms cannot be mistaken for a mere aggregation of sectors

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Rather, it signifies a transformative process where digital infrastructure evolves from basic frameworks, such as the previous generations of mobile technology (3G, 4G), to state-of-the-art advancements like 5GIn this evolving context, digital technologies are moving from niche applications to become central elements of core operations, leading to the proliferation of the industrial internet across various manufacturing sectorsOver recent years, this deep fusion has not only optimized resource allocation and enhanced production efficiency but has also introduced precision supply chains and ignited new business models across diverse industries.

Nonetheless, the journey toward merging these economies is fraught with challengesThere is an urgent need to address issues such as the inadequacy of strong industrial sectors, reliance on foreign core technologies, underutilized data values, and the lack of robust governance for digital advancementDeveloping an effective institutional framework that encompasses technology research, financial backing, industrial progression, and regulatory measures is essentialThis entails a dual approach: reinforcing strategic core technologies to align funding with national priorities while ensuring the stability of the manufacturing sector to uphold competitive advantages.

Moreover, fostering innovative development of platform economies necessitates clear regulatory guidelines to regulate their operations consistentlyPromoting an environment conducive to data openness, sharing, and orderly circulation is vital, as these data elements serve as pivotal enablers of economic competitivenessBy effectively addressing these regulatory needs, stakeholders can unlock the full potential of data as a critical resource in this integrated economic landscape.

Central to successfully facilitating the interplay between digitization and industrialization is the establishment of coherent policies supporting both realmsDigital industrialization serves as the foundation for this integration, primarily focusing on enhancing technological innovation and developing autonomous capabilities, while addressing the specific demands of various sectors

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