China’s Xi envisions cooperation on big data development

CHINESE President Xi Jinping called on Sunday for strengthened cooperation among countries to explore opportunities of digital, internet-based intelligent development and to properly address legal, security and governance challenges arising from big data industry development.

He made the remarks in a congratulatory letter to the China International Big Data Industry Expo 2019, which kicked off in Guiyang, Guizhou province.

The new generation of information technology, represented by the internet, big data and artificial intelligence, is booming at present and has significant and profound influence on various countries’ economic development, social progress and people’s lives, Xi said.

China attaches great importance to the development of the big data industry and is willing to share opportunities of the digital economy’s development with other countries and jointly explore new growth drivers and development paths by exploring new technologies, new business forms and new models, Xi added.

Wit h i nc re a si ng l y w ider applicat ions of dig ita l technologies in China, the count r y is ex pected to generate and store 27.8 per cent of globa l online data by 2025, up from 23.4 per cent last year, according to a report by market resea rcher Internationa l Data Corp a nd data storage f irm Seagate.

In comparison, the US share will stand at 17.5 per cent by 2025, a drop from its 21 per cent share last year, the report stipulated.

UN Secretary-General Antonio Guterres said that from medicine to transportation to farming, big data presents the world with a remarkable tool to advance global progress, but with that opportunity also comes risk.

“We must work together to ensure that big data, and the technologies that it enables, are harnessed for the benefit of mankind while minimising the risks to development, peace and security and human rights,” Guterres said in a congratulatory letter to the expo.

Miao Wei, minister of industry and information technology, said China has already made significant progress in bolstering the big data industry with a string of big data platforms established in sectors such as manufacturing, commerce, finance, transportation and medical care.

“We will make a fresh push to i nte g r at e c ut t i ng- e dge information technologies into t he rea l economy, including establishing a national indust r ia l data cent re, to bet ter power the country’s sprawling manufacturing sector,” Miao said at the opening ceremony of the expo.

According to t he ministr y, C h i n a’s d i g i t a l e c onomy reached a total volume of over 31 trillion y uan ($4.5 trillion), or 34.8 per cent of its GDP, last year.

Yang Xiaowei, deputy head of the Cyberspace Administration of China, also called for more efforts to develop the homegrown big data sector and highlighted that stepping up research and development is key to mastering core technologies.

Paul Romer, co-recipient of the 2018 Nobel Prize in economics and professor of economics at New York Universit y, said he is impressed by China’s proposal in cyber sovereig nt y which he u nderstands as: Each nation must be able to write and enforce its own laws that regulate cyberspace, and ensure that cyberspace works to the benefit of ever yone in the nation.

“China’s articulation and implementation of cyber sovereignty means it is a chance for the world to see a different kind of organisation for cyberspace, and a chance to see that with the right structure, we can get tons of benefits,” Romer added.