China’s data agency has announced an ambitious plan to develop a national digital infrastructure by 2029 to manage data as a key resource. According to draft guidelines released by the National Data Administration on Friday, the growth of the digital economy has increased demand for “better data circulation, usage and value extraction”, highlighting the need … Read more
A Shanghai court has released an opinion stating that the personal ownership of cryptocurrencies is not against Chinese law, offering explicit legal clarity for crypto holders on the mainland amid a record-setting bitcoin price surge. Sun Jie, a judge at the Shanghai Songjiang People’s Court, wrote in an article published on Shanghai High People’s Court’s … Read more
Opinions expressed by Entrepreneur contributors are their own. Prior to the industrial and technological revolutions, social mobility was a concept that colored the most ambitious, aspirational and fictitious tales. No matter the time or location, an individual’s social class was almost always irreversibly determined by the conditions and lineage they hailed from. Following the Great … Read more
Xue Kan, the Communist Party secretary for Yangpu, once known for its heavy industries, told reporters at a media briefing on Friday that the district is trying to achieve a “cluster effect” by fully mobilising capital, talent and technologies to drive innovation and bolster the local economy. “We are pursuing the creation of 12 industrial … Read more
The guidelines aim to act as a reference point for “organisations in the processing, cross-border transfer, and protection of sensitive personal information”, the National Cybersecurity Standardisation Technical Committee said in releasing the draft on its website. China’s sweeping Personal Information Protection Law, in effect since November 2021, and Data Security Law, issued in September that … Read more
New Delhi: As the Indian e-commerce space heats up with a spurt in the digital economy, Google has invested nearly $350 million in Walmart-owned Flipkart, taking the homegrown company’s valuation at nearly $36 billion. In a statement, Flipkart said it has added Google as a “minority investor” in the e-commerce platform as part of the … Read more
It was established because of concerns raised by Xi and other officials that Beijing’s lack of control over the internet and public opinion expressed online could compromise the party’s rule. Cai’s appointment has not been announced but he took the helm of the commission some time in the first half of 2023, according to one … Read more
“Frontier technologies and future industries represented by new materials, biopharmaceuticals, gene technology, and deep sea, air and space exploration, have created an unprecedented demand for computing power infrastructure. “A unified computing system would optimise resources, lower costs and help the country to achieve breakthroughs in cutting-edge tech such as quantum information.” 01:36 AI chip maker … Read more
Local governments should focus on finding a competitive edge in specific sectors of the digital economy, instead of “blindly” jumping in, as China aims to find new growth points to counter pressure from the United States, according to a proposal from an economic adviser. Lu Ming, director of Shanghai Institute for National Economy, said many … Read more
LAWMAKERS’ CONCERNS More than 20 Members of Parliament (MPs) rose to speak during the motion, which asked that parliament reaffirm its commitment to adopt a whole-of-nation approach to sustain trust by building an inclusive and safe digital society. The motion was tabled by the Government Parliamentary Committee (GPC) for Communications and Information, with 13 specific … Read more
