Recently, the National Development and Reform Commission and the National Data Administration issued the "Key Points for the Development of the Digital Economy in 2025" (hereinafter referred to as the "Key Points"), which clearly put forward seven key tasks, from releasing the value of data elements to improving institutional mechanisms, and comprehensively deploying the key work of the digital economy in 2025. This not only responds to the key needs of the current digital transformation process, but also demonstrates China's forward-looking layout of accelerating the construction of a digital power. In the digital age, data has become a key factor of production alongside labor, land, capital, and technology. The "Key Points" prioritize "accelerating the release of the value of data elements", emphasizing the reform of market-oriented allocation of data elements as the main line, accelerating the improvement of data property rights, national integrated data market and other data basic systems, which is conducive to accelerating the development and utilization of public data resources and fully unleashing the potential of public data elements. For example, some places guide enterprises to develop industry analysis and prediction models by opening up government industrial economic data, which not only creates economic benefits for enterprises, but also provides scientific basis for government industrial planning and policy formulation. Social organizations can use open public data to better understand social needs, develop precise public welfare projects and activity plans, and improve the efficiency and effectiveness of the allocation and use of public welfare resources. Individuals can also learn new knowledge and skills through open public data, enhance their own qualities and innovation abilities, and better understand social issues and public affairs. The release of the value of data elements cannot be separated from solid digital infrastructure support. Data shows that China's digital infrastructure has achieved a new leap, with a total of 4.251 million 5G base stations built and 2.656 billion mobile IoT terminal users. The eight major hub regions account for over 60% of the country's new computing power. The "Key Points" propose to optimize the layout of computing power resources and create unified data circulation standards and norms, reflecting the strategic direction of building data infrastructure with the idea of "playing a game of chess for the whole country". The "East Data West Computing" project is a typical practice of this strategy. By deploying large data centers in the western region, the advantages of surplus electricity and suitable climate are transformed into computing power supply capacity, providing support for data intensive applications in the eastern region and greatly improving the overall efficiency of computing power utilization. Against the backdrop of the accelerated evolution of a new round of technological revolution in the world, cutting-edge technologies such as artificial intelligence, big data, cloud computing, and quantum communication are becoming key areas leading the development of future technology. The key to enhancing the core competitiveness of the digital economy lies in strengthening the original innovation and industrial transformation capabilities in these technological directions. This requires building a digital industry system with international competitiveness. In recent years, generative artificial intelligence has become a strategic high ground for global technological competition. Thanks to abundant data resources and advantages in application scenarios, China has made significant progress in the research and development of generative AI and industry implementation. In addition, we should promote the deep integration of the digital economy and the real economy. Efforts can be made from both the demand and supply sides to create a new scenario of digital consumption through the implementation of the "Digital Consumption Enhancement Action" and stimulate the vitality of the demand side of the digital economy. On the supply side, we will implement a "one chain, one policy" digital transformation strategy around key industries and deepen the promotion of digital transformation projects. These measures will help systematically enhance the digital transformation capabilities of China's traditional industries and provide sustained momentum for the high-quality development of the digital economy. The development of the digital economy cannot be separated from scientific macroeconomic regulation and effective government governance. Only an efficient and high-quality governance system can ensure the stability and long-term development of the digital economy. Continuously improving laws, regulations, and policy systems, as well as perfecting institutional mechanisms, is crucial for enhancing the modernization level of China's digital economy governance system and governance capabilities. Specifically, by increasing the punishment for infringement, it can better motivate enterprises and innovators to invest more resources in technology research and creative production; Punishing and stopping monopolistic behavior in accordance with the law is conducive to ensuring equal opportunities for all types of market entities to participate in competition; Establishing a system and mechanism for data classification and classification protection, as well as cross-border data flow security management, can effectively prevent data security risks and promote innovation and sustainable development of the digital economy. Against the backdrop of increasingly fierce global digital competition and intensified trade protectionism, strengthening international cooperation in the digital economy has become even more important. In the future, by continuously accelerating the development of digital trade, promoting the construction of overseas smart logistics platforms, and expanding the cooperation space of "Silk Road e-commerce", we will be able to help Chinese cross-border e-commerce enterprises accelerate their "going global", build a wide range of digital trade and logistics networks, and promote Chinese enterprises to better integrate into the global value chain. I believe that with the promotion of cross-border free flow of digital elements, the potential vitality of the digital economy will be further unleashed, truly becoming a new engine for global economic growth and injecting a continuous stream of power into the recovery and sustainable development of the world economy. (Author: Ma Yefeng, Associate Researcher at the Institute of Quantitative Economics and Technical Economics, Chinese Academy of Social Sciences) (New Press)