Globalization 4.0

Chinese Vice President Wang Qishan called on countries to work together to shape the global architecture in the age of the Fourth Industrial Revolution on January 23, with the vision to create a better future for all humanity.

While addressing the World Economic Forum Annual Meeting 2019, Wang said it is imperative to respect national sovereignty and refrain from seeking technological hegemony or interfering in other countries’ domestic affairs.

He called for efforts to uphold multilateralism and jointly build a system of rules for technology and a new international cooperation framework featuring peace, security, democracy, transparency, inclusive- ness and mutual benefit so that all people can gain from technological innovation.

Pointing out that new technologies bring opportunities and also create risks and challenges, Wang said countries need to uphold the security of all humanity, improve the policy environment and promote social prosperity and stability.

“We need to explore the adoption of relevant rules and standards phase by phase, while leaving broad space for the dissemination and application of scientific discovery and technological innovation,” he said.

Wang also called for accommodating the interests of all countries in a balanced manner, especially those of emerging markets and developing countries.

“One should not ask the whole world to address only the security concerns or comply only with the standards of developed countries or individual countries,” he said.