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A new central bank system to control the flow and exchange of money dovetails into Beijing’s big tech crackdown. China’s financial system is changing. The country’s new Digital Currency Electronic Payment (DCEP) a digital payment and processing network run by the Central Bank of China and its digital currency, the digital yuan (e-CNY), is expectedRead more

INTRODUCTION 1. I would like to thank the World Bank Group for organizing this dialogue session on the digital economy as the new driver of growth. I am pleased to share Malaysia’s achievements on this front as well as our future initiatives here today DIGITAL INFRASTRUCTURE IN MALAYSIA 2. As of 2018, Malaysia has aRead more

Andrew Korybko is a Moscow-based American political analyst. The article reflects the author’s views and not necessarily those of CGTN. The 2021 China International Fair for Trade in Services (CIFTIS) opened in Beijing on September 2nd and will run until September 7th. Over 10,000 enterprises from over 150 countries and regions are participating in aRead more

New report analyses and ranks 140 countries by their digital competitiveness over the last three years.Countries which top the ‘Digital Riser’ list are implementing bold public-private partnerships to foster innovation and entrepreneurship.The results show that advances in digital transformation don’t always come from the most obvious places. The COVID-19 pandemic has shown that digital technologiesRead more

The Communications and Multimedia Ministry ( KKMM ) will work together with the Kelantan government and come up with fresh initiatives to develop the digital economy sector in the state. The initiative would be a joint effort between the state government, the Malaysian Communications and Multimedia Commission (MCMC) and Telekom Malaysia Bhd (TM), he said,Read more

Malaysian startups have shown highest investment to return ratio in the regionFounders must discard mild personalities, communicate beyond-horizon growth plans So much has been said and written about the vast potential of the Malaysian tech ecosystem and for all the right reasons. Within ASEAN, Malaysia was one of the first countries to invest in theRead more

Prime Minister Ismail Sabri Yaakob must renounce the transport ministry’s cabotage policy for the sake of the country’s digital future, says DAP secretary-general Lim Guan Eng. The Bagan MP said Ismail should show that he is different from his predecessor Muhyiddin Yassin by prioritising national interests over personal and political matters. In a statement, heRead more

As a high schooler growing up in a small town in eastern China, Li Xiaoming dreamed of moving to a big city where he could have a better life. Now 24, Li just wants to take a rest. Across the country, young people like Li who requested to be referred to by that pseudonym becauseRead more

Sticker shock has even invaded the land of falling prices: online shopping. Through economic booms and busts, e-commerce has long been virtually immune to inflationary pressures. Average online prices dropped every year between 2015 and 2019. But Covid ended that once-reliable trend. Online prices jumped 3.1% year-over-year in July, according to a report released ThursdayRead more

Self-driving cars, AI robots, and BeiDou Navigation Satellite System caught the attention of exhibitors of the Digital Economy Exhibition of the fifth China-Arab States Expo, which just concluded on Sunday in China’s Ningxia. The theme of the Digital Economy Exhibition of the fifth China-Arab States Expo is “Digital Economy leads the Future with Intelligence.” TheRead more