China’s 12-sector digital economy push focuses on finance, technology and farms

[ad_1]

By 2026, China will have more than 300 “typical” data applications, several data application demonstration zones, and a number of “innovative and influential” data providers and third-party agencies, according to the draft plan. The final document has not yet been published.

Beijing is launching an AI platform to meet the country’s growing demand for computing power

“Our goal is to make full use of the value of data and provide solid support for high-quality (economic and social) development,” NDA Deputy Chief Shen Zhulin said in Beijing on Friday.

“We selected 12 industries and sectors after considering their fundamentals, application scenarios and various requirements,” Shen said. “We have also consulted with other government departments, experts and companies and will adjust the plan in due course to reflect feedback from the company.”

The 12 areas are industrial production, modern agriculture, trade, transport, financial services, technological innovation, culture and tourism, medical care and health, crisis management, meteorological services, smart city management and green and low-carbon economy.

The digitization push will include smart manufacturing to improve industrial and regional synergy, integration of agricultural production and sharing of tax and industrial data with financial institutions for better credit checks by banks. Scientific and research data will also be made available to support technological innovation and large-scale AI models, such as those powering prominent chatbots such as OpenAI’s ChatGPT.

05:03

How does Chinese AI compare to ChatGPT?

How does Chinese AI compare to ChatGPT?

The NDA was inaugurated in October amid a flurry of changes in party and government bodies since March, as Beijing seeks to overtake the United States and other Western rivals in setting norms and standards for artificial intelligence and the digital economy. The digital economy has gained importance as Beijing looks for new ways to up the industrial value chain and spur growth as it moves under US leadership. technological bottlenecks.

The NDA, which takes over many of the responsibilities of the Cyberspace Administration of China, the country’s leading internet watchdog, has been tasked with guiding digital development by creating plans, establishing uniform standards for data sharing and promoting the digitization of public services.

China’s digital economy was worth an estimated 50.2 trillion yuan ($7.07 trillion) last year, accounting for 41.5 percent of the nation’s GDP. However, the rapid growth in this sector has brought about management and regulatory challenges. For example, about 15 government organizations are responsible for regulating and managing data, leading to bureaucratic red tape and inefficiency.

[ad_2]

Source link

Leave a Comment