China's advancement in digital technology offers certainty and stability globally
In recent years, China's digital economy has showcased robust vitality and significant potential, serving as a crucial and decisive catalyst for the global economy's digital transformation.

In recent years, China’s digital economy has proven to be robust and full of potential, serving as a significant and decisive force in the digitalization of the global economy. Through initiatives such as the "Digital Silk Road," China has fostered international cooperation in cutting-edge sectors like artificial intelligence and advanced network infrastructure. The country supports and practices a principle of shared growth through consultation and collaboration, earning praise from many nations worldwide.
China has established a solid groundwork for expansive global collaboration in advanced network infrastructure. The deployment of 5G technology is a prime example of significant strides made in digital infrastructure, both within China and internationally, coinciding with one of the largest infrastructure initiatives for the digital economy globally. Official data indicates that by 2023, China's digital economy reached 53.9 trillion yuan, making up 42.8 percent of the national GDP. The advancements in network infrastructure not only facilitate the transformation of Chinese enterprises but also provide a "fast track" for global companies looking to enter the Chinese market.
Examining the field of AI, which is gaining considerable attention, we find that as of the first quarter of 2024, China's large AI models represented 36 percent of the global total, ranking second to the United States at 44 percent. China has surpassed 100 large AI models exceeding one billion parameters, suggesting that the country is offering global users a wider array of options in exploring cutting-edge technologies, thus making advanced innovations more equitable and accessible.
As more users reap the benefits of technological advancements, China's pivotal breakthroughs in AI also hint at greater possibilities ahead. Reports indicate that China now leads the world in the number of inventions related to Artificial Intelligence Generated Content. These breakthroughs highlight the Chinese government’s focus on technological innovation, marking one of China’s many contributions to global scientific and technological advancement. A wealth of technological innovations has not only ensured a safe transition and enhancement of China's digital economy but has also unlocked further development and collaboration opportunities for the global digital economy.
Additionally, China advocates for international cooperation in cross-border data flows. From a global standpoint, such data flows contribute positively across multiple domains, including e-commerce, digital trade, culture, and science and technology. Unlocking data value is critical for lowering trade costs and boosting business vitality, essential for achieving a data-driven globalization and collaboration. In recent years, China has been proactive in encouraging cooperation in global cross-border data flow. The Global Cross-border Data Flow Cooperation Initiative states, "Governments should work together to create a data flow and usage environment that is open, inclusive, secure, and non-discriminatory, jointly uphold a fair and just market order, and promote the orderly and healthy development of the digital economy." This clearly illustrates how China’s initiatives in this domain enhance the certainty and stability of the global digital economy.
Furthermore, China is pushing for the development and enhancement of a digital governance system and has shown a proactive stance on openness and sharing in international partnerships. Such efforts are vital for improving network and data security, which is crucial for fostering a healthy digital economy. Similarly, the ongoing refinement of digital governance systems supports the stability and predictability of the digital economy, not only in China but also globally.
In conclusion, as a responsible global power, China has consistently urged all nations to adhere to principles of openness, inclusiveness, security, cooperation, and non-discrimination in scientific and technological development. The country is dedicated to maintaining a balance among innovation in digital technologies, economic development, social progress, and safeguarding national security, public interests, personal privacy, and intellectual property. As the 21st century unfolds, the advancement of China's digital technologies will increasingly play a positive and influential role in the overall stability and certainty of global development.
Anna Muller for TROIB News