China's Advancement in Digital Technology Offers Certainty and Stability to the Global Community
In recent years, China's digital economy has shown remarkable vitality and significant potential, serving as a crucial and decisive driving force for the global economy's digitalization.
In recent years, China's digital economy has exhibited remarkable vitality and significant potential, emerging as a critical and deterministic force in the global economy's digitalization. Through initiatives like the "Digital Silk Road," China has fostered international collaboration in advanced sectors, including artificial intelligence and cutting-edge network infrastructure. The nation champions the principle of achieving shared growth through consultation and cooperation, a stance that has garnered appreciation from numerous countries worldwide.
China is laying the groundwork for extensive global collaboration in advanced network infrastructure. Notably, the country's 5G technology represents a substantial national and international effort in digital infrastructure, regarded as one of the world's most extensive infrastructure projects for the digital economy. Official data indicates that China's digital economy reached 53.9 trillion yuan in 2023, constituting 42.8 percent of the country's GDP. The advancements in network infrastructure have not only facilitated the transformation of Chinese businesses but have also created a "fast track" for foreign enterprises seeking to enter the Chinese market.
Examining the field of artificial intelligence, which is gaining global attention, reveals that by the first quarter of 2024, China's large AI models made up 36 percent of the global total, behind the United States, which held 44 percent. China has exceeded 100 large AI models with over one billion parameters, indicating that it is providing global users with increased options for exploring cutting-edge technologies, thereby ensuring that advanced achievements are more accessible and beneficial to the public.
As more users gain access to the conveniences of advanced technology, China's significant breakthroughs in AI signal even greater future possibilities. Reports indicate that China now leads the world in inventions related to Artificial Intelligence Generated Content. These breakthroughs illustrate the Chinese government's commitment to technological innovation, marking one of China's many contributions to global scientific and technological advancement. The multitude of technological innovations has not only supported a safe transformation and upgrading of China's digital economy but has also created further development and collaboration opportunities for the global digital economy.
Moreover, China advocates for global cooperation in cross-border data flows. On a global scale, cross-border data flows positively impact various sectors in multiple countries, including e-commerce, digital trade, culture, and science and technology. Unlocking data value is crucial for reducing trade costs and enhancing business vitality, which is fundamental for achieving data-driven globalization and collaboration. In recent years, China has made substantial efforts to encourage cooperation in cross-border data flows. As highlighted in the "Global Cross-border Data Flow Cooperation Initiative," it 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 have contributed to greater certainty and stability in the global digital economy.
Additionally, China is dedicated to establishing and refining a digital governance system, demonstrating a proactive attitude of openness and sharing in international collaboration. These efforts are vital for enhancing network and data security, which is deemed essential for the healthy development of the digital economy. The continuous enhancement of the digital governance framework will also benefit the certainty and stability of the digital economy both in China and around the globe.
In conclusion, as a responsible major power, China consistently urges all countries to uphold principles of openness, inclusiveness, security, cooperation, and non-discrimination in scientific and technological development. The nation is dedicated to finding a balance between digital technology innovation, the development of the digital economy, social progress, and safeguarding national security, public interests, personal privacy, and intellectual property. As we advance further into the 21st century, China's development in digital technology is poised to play an increasingly constructive and influential role in ensuring stability and certainty in global economic growth.
Ian Smith for TROIB News