MIL-OSI Russia: China to host SCO Forum on Digital Economy

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

TIANJIN, July 1 (Xinhua) — The Shanghai Cooperation Organization (SCO) Forum on Digital Economy will be held in north China’s Tianjin City from July 10 to 11.

The event, entitled “New Ties of the Digital Economy, New Horizons of Cooperation,” will aim to highlight the role of the digital economy as a hub and driving force in creating a new space for the development of the SCO and ensuring the availability of digital dividends for the population of the organization’s member states, the organizers said.

More than 600 participants from China and abroad are expected to discuss topics of common interest: data circulation and trade, industrial digitalization, digital infrastructure, artificial intelligence applications, smart cities and digital talent development.

The forum was organized by the State Data Administration (SDA) of the People’s Republic of China and the Tianjin Municipal Government.

China attaches great importance to international cooperation in the digital economy, Yu Ying, deputy head of the department, said at a press conference on Monday. Since the establishment of the GUD in October 2023, China has signed memorandums of understanding on cooperation in the digital economy with 26 countries, including Russia, Brazil, Hungary, Nigeria and Malaysia.

In recent years, China has made positive progress in developing its digital economy, with the added value created by key digital industries accounting for 10 percent of the country’s GDP by the end of 2024, Yu Ying said. -0-

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