Event highlights digital transformation – Xinhua English.news.cn

A employees member works on the manufacturing line at a semiconductor producer in Binzhou, Shandong province. [Photo by Chu Baorui/For China Daily]

China will velocity up the upgrading of conventional industries by way of digital transformation and promote the combination of the digital financial system with the true financial system.

This effort can be a part of China’s push to foster high-quality growth of the digital financial system, officers and consultants mentioned on the 2022 World Digital Economic system Convention in Beijing on Friday.

Extra efforts are wanted to hurry up the innovation of digital applied sciences and the development of data infrastructure equivalent to 5G, gigabit optical networks, synthetic intelligence and the Web of issues to inject new impetus into the digital financial system, mentioned Cao Shumin, deputy director of the Our on-line world Administration of China, on the opening ceremony of the convention.

Cao referred to as for selling the industrialization of digital applied sciences and the digital transformation of industries, advancing the deep integration of the digital financial system with the true financial system, and fostering new industries, new enterprise codecs and new fashions.

Noting that the digital financial system serves as a key axis for financial development, Cao burdened the necessity to enhance the digitization of public companies in addition to the governance system of the digital financial system, strengthen worldwide cooperation and exchanges on the financial system. digital and construct a neighborhood with a shared purpose. future in our on-line world.

Xu Kemin, chief economist on the Ministry of Trade and Info Expertise, mentioned better efforts are wanted to make breakthroughs in key and core applied sciences, with an emphasis on strategic frontier areas, to drive the digital transformation of producing and enhance guidelines and laws. laws referring to the event of the digital financial system.

The digital financial system is at present booming all around the world. In China, new industries and types of enterprise are fueled by revolutionary digital applied sciences equivalent to massive knowledge, cloud computing, and synthetic intelligence. They’re discovering a variety of purposes in varied industries and integrating with the true financial system.

The size of China’s digital financial system reached $7.1 trillion final 12 months, the second largest on this planet, in line with a white paper revealed by the China Academy of Info and Communications Expertise, a suppose tank. of the federal government.

Beijing Mayor Chen Jining mentioned the nationwide capital will construct digital industrial clusters with world competitiveness, push ahead the appliance of digital applied sciences in varied industries, promote the event of good cities, transportation, well being care, and foster new sorts of consumption eventualities. .

Beijing has made nice strides in creating cutting-edge applied sciences equivalent to massive knowledge, cloud computing and synthetic intelligence, with the added worth of the digital financial system reaching 1.6 trillion yuan (237.4 billion US {dollars}) in 2021, accounting for 40.4 p.c of Beijing’s GDP.

Corporations all over the world are accelerating their digital transformation. Crawford Del Prete, Chairman of worldwide market analysis agency Worldwide Knowledge Corp, mentioned: “The IT trade is scaling like by no means earlier than. 2021 was the primary 12 months of double-digit spending development in additional than 20 years. GDP precise was about 6 p.c worldwide in 2021, and IT development was about 11 p.c.”

Zhou Hongyi, founding father of cybersecurity firm 360 Safety Group, mentioned that cybersecurity must be upgraded to digital safety. Whereas the digital financial system may carry new growth alternatives, it additionally poses new cybersecurity challenges. Knowledge safety is extra necessary than ever, Zhou mentioned, calling for better efforts to sort out new issues.

Leave a Comment