Founded in 1987, Huawei is a leading global provider of information and communications

Liang Hua
Chairman of the Board

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2020 Annual Report
 
       
11
The global digital economy is booming; ICT is more rapidly integrating into 
our economy and society 
The digital economy is outperforming all other 
sectors in terms of speed of growth, the dynamics of 
innovation, and the scope of influence. It is the key to 
creating new structures and mechanisms for economic 
growth. So far, more than 170 countries and regions 
have already published digital strategies. Research 
findings show that a 20% increase in ICT investment 
can grow a country’s GDP by 1%. The global digital 
economy has grown 2.5 times faster than global GDP, 
and return on investment in ICT has been 6.7 times 
that of non-ICT investments on average.
Industry Trends
With the emergence of new technologies, particularly 
5G, AI, cloud, and IoT, ICT is weaving into the fabric 
of vehicles, homes, businesses, and cities more rapidly 
than ever before. The International Telecommunication 
Union has advocated for using ICT to achieve the 
United Nations Sustainable Development Goals. 
ICT has become the main driver of sustainable 
socioeconomic development.