The 2025 Shanghai Cooperation Organization (SCO) Digital Economy Forum launched in Tianjin on Friday, drawing over 600 participants from SCO member states and global observers. The event highlights Asia's growing role in shaping digital transformation, with discussions focusing on industrial digitalization, cross-border data flows, and emerging technologies like AI and blockchain.
A representative from China's National Data Administration emphasized strengthened collaboration among SCO members in digital infrastructure and payment systems, citing projects such as cross-border e-commerce platforms and smart city initiatives. "Our shared digital vision fosters inclusive growth," the official stated, underscoring the forum's goal to bridge technological gaps across the region.
Analysts note the forum's timing aligns with rising investments in Asia's digital economy, projected to exceed $4 trillion by 2026. For businesses, the event signals opportunities in sectors like fintech and logistics, while academics highlight its potential to standardize data governance frameworks. Meanwhile, diaspora communities and travelers await outcomes that could streamline regional digital services, from tourism apps to multilingual payment solutions.
