The 2023 World Internet Conference Wuzhen Summit has commenced in East China’s Zhejiang Province, drawing global attention to the evolving landscape of the digital economy. This year’s conference zeroes in on pivotal internet topics such as green development, data governance, artificial intelligence, and digital cooperation under China’s Global Development Initiative.
As the digital world rapidly transforms, industry leaders and experts gather to address pressing questions: What does the future hold for the internet? What are the prevailing trends shaping today’s digital arena? How can the digital economy, a stabilizing force during the pandemic, further integrate with the real economy?
Renowned figures participated in discussions to shed light on these issues. Hong Hao, chief economist of the GROW Investment Group, emphasized the importance of sustainable growth in the digital sector. Jeffrey Towson, partner at Techmoat Consulting, highlighted the role of data governance in fostering innovation while protecting privacy.
Michael Sung, director of the Institute for Digital Finance Innovation at Zhejiang University International Business School and chief scientist at the Beijing Frontier Institute of Regulatory and Supervision Technology, discussed the convergence of digital finance and technology. He noted, “Integrating advanced technologies with financial systems is key to driving the real economy forward.”
Richard A. Werner, professor at Linacre College, University of Oxford, provided insights into the global impact of artificial intelligence and the necessity for international cooperation. “AI is reshaping industries worldwide. Collaborative efforts are essential to harness its benefits while mitigating risks,” he remarked.
The conference serves as a platform for exchanging ideas and forging partnerships aimed at navigating the complexities of the digital economy. With topics ranging from AI ethics to cross-border data flow, participants are working towards strategies that promote innovation, security, and inclusive growth.
As the Wuzhen Summit continues, it underscores China’s commitment to playing a pivotal role in global digital development. The insights and collaborations emerging from the conference are expected to influence policies and business strategies, shaping the internet’s future on a global scale.
Reference(s):
cgtn.com
