Digital overall economy expands new space for int’l cooperation-Xinhua

A personnel member introduces wise processing gear all through the Sensible China Expo 2022 in southwest China’s Chongqing, Aug. 22, 2022. The Sensible China Expo 2022 opened Monday in southwest China’s Chongqing Municipality, attracting over 500 exhibitors from household and overseas to showcase their most recent clever engineering achievements. (Xinhua/Tang Yi)

CHONGQING, Aug. 26 (Xinhua) — That includes slicing-edge technologies including massive information, synthetic intelligence (AI) and 5G communications, the electronic financial system has turn into ever more critical as a key factor for financial growth in the digital era.

From Monday to Wednesday, worldwide organizations, sector reps, gurus and students collected at the Clever China Expo 2022 held in southwest China’s Chongqing Municipality, sharing the most up-to-date achievements in world-wide digital economy and exploring new cooperation possibilities in the worldwide digital field.

With additional than 550 organizations in the digital overall economy sector from 19 international locations and locations collaborating on the web and offline, the expo witnessed the signing of 70 big financial commitment assignments, with the full agreement price reaching 212.1 billion yuan (about 31 billion U.S. bucks).

The global electronic economic system has developed vigorously above modern yrs, with the complete additional price of electronic economic climate in 47 key nations around the world about the earth achieving 38.1 trillion U.S. bucks in 2021. Of the determine, China’s digital economy scale arrived at 7.1 trillion dollars, rating 2nd all over the world, according to a white paper on international electronic economy introduced by the China Academy of Facts and Communications Know-how (CAICT).

A chess video game was held at the exhibition corridor during the expo. A single of the two chess gamers is iFlyGo Robot, a leading chess player embedded with AI algorithm and equipped with mechanical arms. The robotic is equipped to judge the stage of the opponent by means of AI algorithm and just take corresponding techniques, reported Ni Junjuan, a demonstration specialist at iFLYTEK, an AI and speech-know-how large in China.

“The era of electronic economy has begun and digital transformation has develop into an inescapable decision for the improvement of human culture,” said Mei Hong, an academician with the Chinese Academy of Sciences.

China’s digital economy grew at an ordinary level of 15.9 percent from 2012 to 2021. All through the time period, the share of digital financial state in its GDP expanded from 20.9 percent to 39.8 %, representing an once-a-year average maximize of about 2.1 share points, according to the data from the white paper launched by the CAICT.

As a person of the co-organizers of this year’s Clever China Expo, Singapore arranged 56 enterprises to take part in the function, on the web or offline, and centered on exhibiting its newest engineering achievements in trade, innovation, sustainable progress and other parts.

“We have potent religion in the Chinese marketplace and the Sensible China Expo presents a fantastic system that will successfully endorse communication and cooperation in between Chinese and Singaporean firms,” mentioned Chng Ken Wei, Centre Director (China) of Infocomm Media Improvement Authority of Singapore.

Furthermore, 10 enterprises from Austria in linked locations, which include smart environmental safety, clever health care and clever producing, also attended the occasion.

The Austrian corporation M-U-T Maschinen-Umwelttechnik-Transportanlagen GmbH exhibited a tiny container-like sewage procedure method. The process can be tailor-made to distinct dimensions in accordance to different eventualities and be positioned in remote mountainous regions, tourist sights, highways and the like, according to the organization.

In spite of emerging uncertainties and the COVID-19 pandemic as very well as the headwinds encountered by financial globalization, China has opened its doors wider and broader, even though demonstrating its mind-set to sharing possibilities with the environment, explained Ruan Zongze, government vice president of the China Institute of Intercontinental Scientific studies. ■