The Jinyang Digital Economy Industrial Research Institute and the Taiyuan Digital Business Association were established at a sub-forum of the 4th Jinyang Lake Digital Economy Development Summit in Taiyuan, capital of North China's Shanxi province, on Aug 24. 

In recent years, Taiyuan has been committed to accelerating its industrial transformation and development by promoting the high-quality development of its digital economy. It has implemented supportive policies, expedited the construction of industrial parks, and made efforts to create a new model for the digital economy in an old industrial base. 

The new research institute will focus on developing the digital economy industry in the city. It will collaborate with high-quality think tanks, serving as a consultant for the local government, a diagnostician for enterprises, and a promoter of achievements. 

The association will focus on giving full play to the high value of data to help Shanxi integrate its data trading into the national market.