Highlights: How the Digital Economy Breaks The Wuzhen Summit Finds the Maximum Number of Conventions

On September 28th, the 2021 World Internet Congress Wuzhen Summit concluded. This year’s Wuzhen Summit not only continued to hold the Internet Light Expo, the world’s leading Internet scientific and technological achievements, through Wuzhen Global Internet Competition and other activities, but also attracted more than 2000 guests from 96 countries and regions online and offline participation, including more than 600 foreign guests.

Unlike in previous years, this year’s Wuzhen did not have the Internet “big man’s meal”, came to the scene of the Internet business leaders reduced public activities, but said a lot of big truth. Alibaba CEO Daniel Zhang said 100 billion yuan should be invested to help the common prosperity. Xiaomi Technology Chairman Lei Jun said, “large enterprises should take the initiative to help small and medium-sized enterprises to develop rapidly and healthily.” 360 Chairman Zhou Hongxuan called on Internet companies “science and technology reporting country”, “uphill” climbing the peak of science and technology, “down to sea” into the industry digital blue sea.

In each venue, the discussion around the red persona is also less, but 5G, industrial Internet, data governance and other hard-core topics of great concern.

In the second half of the Internet, we must first solve the persistent disease

In the past 10 years, many areas such as eating, drinking, playing, food, food and shelter have been Internetized, which has really convenience for many people, but also left a lot of people behind, but also the emergence of platform monopoly, capital disorder expansion and other new problems. What ills will the second half of the Internet economy have to deal with in the next 10 years? The conference proposed a solution.

Fang Yi, chairman of Daily Interactive Co., Ltd., is a new generation of Internet entrepreneurs, and this is his fourth time in Wuzhen to participate in the World Internet Congress. This year, his top concern is data security and cybersecurity. He noted that there are “rules unclear, red line unclear” in the field of data security, many enterprises in the process of practice, do not pay attention to the use of norms, it is easy to step on the “red line.”

In recent years, China has accelerated the legislative work related to data and network security.Law enforcement has also been significantly strengthened. For example, the data security law, which came into effect on September 1 this year, and the personal information protection law that will be implemented soon, have given many people a new possibility of legalizing and standardizing data.

In Fang Yi’s view, in order to achieve “compliance”, strict information collection entrance is very important, and the data security law will be “red line” is very clear, for the industry to provide guidance for data collection norms.

Wang Chuhong, director of the Shenzhen Internet Information Office, is also concerned about the rule of law and standardization of data. He admits that issues such as data security and cyber security are also new challenges for Shenzhen, “China’s most Internet city”.

In July this year, the shenzhen Special Economic Zone Data Regulations (hereinafter referred to as the Regulations), the first local basic and comprehensive law in the field of domestic data, were published and will come into effect next year. Wang Chuhong said that the Regulations not only take the lead in exploring the personality rights and interests of natural persons to personal data in accordance with the law, natural persons, legal persons and illegal persons’ organizations enjoy property rights and interests in legal data products and services, but also establish the basic principles for processing personal data with minimum necessity, informed consent, accuracy and integrity, and ensuring security, as well as the upgrading protection of important sensitive information such as biometric data.

Data can empower thousands of businesses, but how to trade, use is a topic of great debate. “Data is not traded, data value is traded.” Fang Yi believes that in the process of data trading, the flow boundary of data should be clarified. He also suggested that when the data confirmation and attribution rights of both A and B parties are difficult to fully clarify, put the data on a public platform after the completion of joint calculations, delete the original data, the final result of the transaction, to maximize the ensure that the data avoid uncontrolled circulation.

“Securing data and establishing a credible, usable, manageable governance system is a critical trilogy.” Fan Yuan, chairman of Anheng Information, said that data-related protection technologies exist in every link of data collection, transmission, analysis, utilization and circulation. Data should be protected and utilized, and continuous research and investment in intelligence should be continuously cultivatedData security talent, and constantly explore the landing scenario of data.

Tang Jianguo, deputy director of the Beijing Data Center, shared the practice path of data elements flow in Beijing. Beijing has set up a big data exchange to make data invisible and controllable and measurable. In the field of finance, a special area of financial public data has been built, and the trust operation of public data has been explored first, which provides a new perspective and useful reference for the open governance of public data.

Li Yixiao, secretary-general of the China Cyberspace Security Association, said China’s cyberspace legislation, especially in the field of data security and the protection of personal information, is progressing very rapidly. In his view, “five years ago it could be said that China was learning from the rest of the world in many ways, and now it is catching up quickly in many ways”.

Open sharing, connectivity

In 2020, China’s digital economy will continue to grow at a high rate of 9.7%, more than three times the nominal GDP growth rate over the same period, and all sectors will accelerate the pace of digital transformation.

Zhou Min, deputy director of the State Information Center, noted that the current problems that plague the opening up of data sharing still exist, the scope and mode of data sharing openness, data management and use rights are unclear, resulting in data sharing difficult, open difficult, difficult integration of the persistent disease has not been removed, data factor market access threshold is not perfect, data abuse, underground gray transactions and other issues are more prominent, the urgent need to improve the relevant laws and regulations and regulatory mechanisms.

“In the context of digital transformation, how to deepen the opening up of data sharing, activate data value and enhance the power of digital transformation has become an important issue before us.” In Zhou Min’s view, to answer the proposition of this era, we must improve the data, algorithms, security and security capabilities.

China is now at the forefront of the world in the value and open sharing of data. Li Xiaodong, founder of the Fuxuan think-tank, argues that China, while not the country with the largest amount of data, is by far the most important country in the world for data elements. As early as the 2016 G20 summit in Hangzhou, China launched the Digital Initiative, the first global definition of the digital economy. To this day, China urgently needs to participaterule-making with the global digital economy.

Li Xiaodong served as director of the China Internet Network Information Center and was involved in the development of international standards for international domain names and e-mail. In his view, the infrastructure of the digital economy needs to be standardized, “You build a set of I build, that digital economy is not playable, it is completely isolated.” He called for the establishment of global cooperation mechanisms, such as the global commission on certain public policies, to harmonize rules and form the largest number of conventions, otherwise there would be a significant impact on future global cooperation.

In fact, this is also the characteristic of this year’s Wuzhen summit. With international cooperation hampered, many are hoping that the digital economy will be the first to break through barriers and promote open sharing and connectivity.

Craig Allen, chairman of the National Council on U.S.-China Trade, believes that in the future, governments need to protect citizens’ personal information and critical infrastructure from harm, while supporting an innovative and flexible regulatory environment that encourages the free flow of data and technology and cross-border exchanges.

The U.S.-China Trade Council is one of the most influential U.S.-China International Chamber of Commerce organizations, with more than 260 member companies, including multinational companies in the Internet. In Allen’s view, the conference provides a unique opportunity for constructive dialogue between the U.S. and Chinese business communities. Both China and the United States are leading the way in digital innovation, and the U.S. and Chinese business communities should communicate their views to both governments and promote high-quality digital governance practices and cooperation.

Zhai Xiaoxia, director of the International Cooperation Bureau of the State Internet Information Office, said at the closing press conference of the general meeting that the international community has applied various exchange platforms, cooperated mutually beneficially and complemented each other’s strengths, and promoted the development of the digital economy in a more open, inclusive, inclusive, balanced and win-win direction. At the same time, countries should seize the opportunity of digital development, strengthen digital cooperation, bridge the digital divide, so that digital civilization benefits all mankind.

Translated from Chinese by iAfrica24

Source: China Youth Daily