Professor Ba Shusong believes that，the development of digital economy industry requires both re-positioning in the “dual circulation”economic development paradigm and the selection of targeted policy measures based on the new features of the digital economy industry.

With the invention of computer and the rapid development of electronic information technology，digitization has brought tremendous momentum to global economic growth，and objectively triggered a digital revolution. The revolution aims to digitalize information with information technology and the Internet， improving economic efficiency and realizing a new economic pattern that may reasonably allocate social production and resources - digital economy. In view of the situation in China，how can we achieve a higher level development in digital economy and promote the formation of a new dual-circulation development pattern  by ensuring its deep integration with the real economy? In this session’s China Forex，we had an exclusive interview with Professor Ba Shusong，Executive Dean of the HSBC Financial Research Institute of Peking University，Chief Economist of the China Banking Association and Vice President of the China Macroeconomics Association，and discussed major issues on China’s digital economy development.

China Forex: Digital economy has already become a major area of global competition and an important driving force for economic growth. At the current stage，what are the differences of digital economy development between China and other countries? What are the focuses of the competition in this area? And what  international experiences China may learn from?