Page 353 - Contributed Paper Session (CPS) - Volume 6

CPS1959 Hou Hongwen et al.
3. In terms of contribution, the digital economy index contributes the most.
In terms of contribution rate, in 2017, digital economy accounts for the
largest contribution rate in all sectors, at 29.2%, with a 2‐percentage‐point
increase year‐on‐year; The second is economic vitality at contribution rate
of 17.4%, with a 1.4‐percentage‐point increase year‐on‐year. The third is
transformation and upgrading at contribution rate of 16.2%, with a 0.8‐
percentage‐point increase year‐on‐year. The contribution rates of
innovation drive, development achievement and knowledge capability
indexes are 13.5%, 12% and 11.7%, respectively, decreasing to different
extents on year‐on‐year basis.

Contribution rate of indexes in all sectors in 2017

Increase and
Sector Contribution rate (%)
decrease (%)
Knowledge capability 11.7 ‐1.9

Economic vitality 17.4 1.4
Innovation drive 13.5 ‐0.8

Digital economy 29.2 2.0

Transformation and
upgrading 16.2 0.8

Development 12.0 ‐1.5
achievement

(II) Factor analysis of improving the new kinetic energy index
1. Effective improvement of knowledge capability
Knowledge capability is the source of innovation and basis of economic
development. In recent years, the city has vigorously implemented the
strategy of rejuvenating the city through science, education and talent
development, and actively introduced famous colleges and institutes to
provide strong support for economic development. In the perspective of
the monitoring indexes, in 2017, the high‐skilled talents in the city have
reached 240,000, with a 7% increase year‐on‐year; The proportion of
population with master's degree or above in the economic activity has
reached 1.1%, which is higher than the national average.
2. Significant increase of economic vitality
Economic vitality reflects the greatest potential for economic development.
From the view of monitoring indexes, in 2017, the newly registered market
players in the city have increased by 34.2% year‐on‐year; Technology
business incubators have increased by 20.8% year‐on‐year; The number of

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