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China sends out digital economy signals

China is willing to deepen global cooperation in the digital economy to gain new momentum and expand global economic growth, the head of the country’s internet regulatory body has said. China Daily reports that Xu Lin, minister of the Cyberspace Administration of China, reiterated that the nation would further open its economy and would work with other countries to develop an integrated global digital market with mutual benefits. “We will actively implement the G20 Digital Economy Development and Cooperation Initiative and deepen international cooperation related to the Belt and Road Initiative,” Xu said at the 4th World Internet Conference. According to Xu, countries should strengthen cooperation in policymaking and regulation on network facilities, information technology, cross-border e-commerce, data distribution and other digital-related fields to build a fair and efficient governance system. The digital economy is playing an increasingly significant part in driving China’s economic growth. The size of the nation’s digital economy reached 22 trillion yuan ($3.3 trillion) in 2016, accounting for 30% of the country’s gross domestic product. Read more

  • Monday, 18 December 2017

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