New Trends New Pattern -- UK China Digital Economy Forum successfully held & CBBC Digital Economy Working Group officially launched
On February 27th, organised by CBBC and supported by the British Embassy in China and RELX Group, the UK China Digital Economy Forum was successfully held in Beijing. The forum aimed to promote and deepen exchanges and cooperation between China and the UK in the field of data and digital economy, and share digital opportunities for global economic development. Experts from relevant government agencies, think tanks and enterprises from China and the UK gathered to discuss the latest trends in digital economy policies and focus on the frontier issues of data industry development.
The forum aimed to promote and deepen exchanges and cooperation between China and the UK in the field of data and digital economy, and share digital opportunities for global economic development. Experts from relevant government agencies, think tanks and enterprises from China and the UK gathered to discuss the latest trends in digital economy policies and focus on the frontier issues of data industry development.
Rahul Ahluwalia, Minister Counsellor of the UK in China; LI Yuan, Director of Institute of Information and Communication Technology, Centre for International Economic and Technological Cooperation, MIIT; Tom Simpson, Managing Director, China-Britain Business Council China, and Hugo ZHANG, Senior Vice President of RELX China, attended the event.
Speeches
Rahul Ahluwalia, British Minister Counsellor in China
China's document in April 2020 for the first time incorporated data into factors of production is of great leading significance. China is also leading the way in digital infrastructure construction, prioritizing the development of new technologies such as cloud computing and big data. At the same time, the UK is a digital powerhouse, it is the largest data market in Europe and a leader in open data. During the dialogue, the UK and China pledged to deepen cooperation in key areas such as the digital economy, such as the green transition and the automotive industry.
Li Yuan, Director of Institute of Information and Communication Technology, Centre for International Economic and Technological Cooperation, MIIT
At present, the digital economy has become a new engine of global economic recovery and growth, and China and the UK are both members of the G20, with a broad consensus base and strong complementarity in the field of digital economy, and great potential for industrial cooperation. In the next step, we will cooperate with the China-Britain Business Council and Industry to strengthen the construction of the working mechanism at the industrial level of the digital economy under the framework of the China-UK Modern Industrial Partnership, actively promote the docking and cooperation in policies, standards, technologies and industries in the field of China-UK digital economy, and open up a new channel for pragmatic cooperation between the two sides.
Tom Simpson, Managing Director, China-Britain Business Council China
Both the UK and China recognise the importance of data as a fundamental part of the present and future of the economy, and both countries have a shared interest in developing the digital economy and harnessing the opportunities presented by digital innovation. 2023 is a year to look forward to, as the CBBC Digital Economy Working Group, together with our member companies, will focus on deepening UK-China collaboration on digital innovation across three key pillars: policy advocacy, business collaboration and information sharing.
Hugo Zhang, Senior Vice President of RELX China
The digital economy has become a new stage of development in the information age, and some people have compared it to the fourth industrial revolution, and its importance is self-evident. The malleability and inclusiveness of the digital economy especially require a cross-industry industry organization to promote and lead, and form a platform and working mechanism that conforms to the characteristics of the digital industry. The CBBC Digital Economy Working Group will focus on data openness, sharing and governance through dialogue, exchange and cooperation, promote cooperation between Chinese and foreign enterprises and government enterprises, and promote the common prosperity and development of the digital economy between China and the UK.
Keynote speech
In the keynote speech session, Kiran Patel, Senior Director (Commercial) China-Britain Business Council, Yi Chengqi, Big Data Development Department of State Information Centre, Rong Ke, Professor of Institute of Economics, Academy of Social Sciences, Tsinghua University, Shen Yan, Professor of National Development Institute, Peking University, as well as Felix Chen, Partner-in-Charge of Data Governance, KPMG, and Barbara Li, Partner of Reed Smith LLP, made keynote speeches. They discussed the trend of data legislation in the UK, the "data 20 measures" and its impact on the digital economy, as well as the industrial ecology, public data openness, data ownership and other hot issues in the global context.
The latest trends and objectives of UK Data legislation
Kiran Patel, Senior Director (Commercial) China-Britain Business Council
The new outlook on data under ‘Data 20 Measures’
Yi Chengqi, Big Data Development Department of State Information Centre
How to cultivate the data market and the industrial ecology under the background of global competition and cooperation
Rong Ke, Professor of Institute of Economics, Academy of Social Sciences, Tsinghua University
The importance of opening public data and importing brand data players
Shen Yan, Professor of National Development Institute, Peking University
Data Asset Management under the ‘Data 20 Measures’
Felix Chen, Partner-in-Charge of Data Governance, KPMG
The role of data ownership in the development of digital economy
Barbara Li, Partner of Reed Smith LLP
Roundtable discussion
In the roundtable discussion, representatives from companies such as LexisNexis Risk Solutions, Ernst & Young, TechNode, Standard Chartered Bank, Jaguar Land Rover and Thoughtworks spoke on hot topics such as digital assets and digital currency, digital transformation of traditional manufacturing industry, and future trends of artificial intelligence from different perspectives of financial industry, manufacturing industry and service industry.
Inauguration ceremony of the China-Britain Business Council's Digital Economy Working Group
During the seminar, CBBC Digital Economy Working Group was officially launched. The Working Group is driven by the core element as of common development, focusing on understanding industrial policy trends, promoting business cooperation, and drawing a grand blueprint for UK and China digital economy industry cooperation. The working group now brings together leading companies in the financial, service, manufacturing, hospitality, and healthcare sectors, and will be deeply involved in a series of activities under the China-UK Industrial Collaboration Partnership (ICP) at a later stage.
For more information, please contact Mark Xu, Director Industrial Economy at mark.xu@cbbc.org
