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New Highlight of China-ASEAN Cooperation: Digital Economy Cooperation

Copyfrom:Global TimesPost Time:2019-11-22 16:37:23

Global Times, November 21, 2019: The China-ASEAN Leaders' Meeting held in early November confirmed that 2020 will be the China-ASEAN Year of Digital Economy Cooperation. Xu Ningning, Executive President of the China-ASEAN Business Council, said in an interview that designating digital economy cooperation as the theme of cooperation in 2020 fully embodies that China and ASEAN are steadfast to jointly explore new cooperation space, cope with the global economic downturn, break through constrains brought by negative factors, grasp the opportunities in current digital revolution and the fourth industrial revolution, and promote innovation to lead the development.

 

China-ASEAN Smart City Cooperation

Xu Ningning said that on November 3, at the 22nd China-ASEAN Leaders’ Meeting, the ASEAN-China Leaders’ Statement on Smart City Cooperation Initiative was issued, reaffirming the commitment to explore science, technology and innovation (STI) cooperation and collaboration in areas of mutual interests, including achieving innovation-driven development in areas such as smart city development and support for the ASEAN Smart Cities Network. Both sides agreed to: first, exchange best practices; second, explore cooperation on standards; third, advance technological innovation; fourth, support private sector collaboration; fifth, strengthen cooperation platforms; sixth, encourage the establishment of mutually-beneficial city partnerships; seventh, explore opportunities to incorporate cultural linkages; and eighth, promote capacity building and knowledge sharing.

The ASEAN-China Leaders’ Statement on Smart City Cooperation Initiative pointed out that we should encourage relevant administrative authorities, municipal governments and research institutions to strengthen cooperation in smart city policy making and planning, so as to promote the quality and sustainable development of smart cities; promote cooperation in the communication, mutual recognition, development and use of suitable international standards and related policies and conformity assessment schemes, regarding smart city technology industries, key fields of application and integrated solutions; strengthen capacity building for standardization;  jointly improve innovative capacity, and actively pursue cooperation in the various fields of smart city development, including digital technology and innovative energy solutions such as renewable energy, energy-efficiency, and clean technology applications; encourage the establishment of mutually-beneficial city partnerships between ASEAN cities, in particular ASCN cities, and Chinese cities, such as Nanning, Xiamen, Hangzhou, Jinan, Kunming, Shenzhen, Nanjing and Chengdu, as well as partnerships involving private sector solution providers and other relevant institutions from both sides.

Sino-Singapore Guangzhou Knowledge City Management Committee, Singapore Capitaland Group and Knowledge City (Guangzhou) Investment Group Co., Ltd. signed a cooperation agreement in October. The three parties will jointly build the Sino-Singapore International Science and Technology Innovation Cooperation Demonstration Zone in the Knowledge City, introduce Singapore's high-quality resources such as intellectual properties, education, science and technology research and development, and financial innovation, learn the advanced experience in creating business environment from Singapore, accelerate the construction of smart cities, and build a digital economy demonstration zone.

 

China-ASEAN Digital Economy Cooperation Shows Vitality

Xu Ningning pointed out that at present, China-ASEAN digital economy cooperation is increasingly active and close, and the demand for cooperation between enterprises of the two sides is strong, laying a solid foundation for China-ASEAN to promote digital economy cooperation in 2020. The China-ASEAN Business Council is one of the dialogue and cooperation mechanisms between the two sides. In recent years, more and more enterprises in China and ASEAN countries engaged in digital economy business have contacted the China-ASEAN Business Council to seek for overseas partnerships.

Changhong entered the Indonesian market ten years ago through investment and setting up factories. It has become a major brand in the Indonesian household appliance market. Recently, Changhong Android 9.0 artificial intelligence TV was newly released in Indonesia. It realizes the intelligent connection between human and TV, and will be able to connect Changhong Air Conditioner with Changhong Refrigerator sold in Indonesia to open the era of smart home and smart community, which will bring a smart life experience to Indonesian consumers.

Artificial intelligence "Unicorn" Sense Time, China Harbour Engineering Corporation and a Malaysian company have reached an agreement to build an artificial intelligence industrial park in Malaysia, conduct cooperation in the fields of artificial intelligence infrastructure, technology research, data management, personnel training, and business operation, to promote ecological construction and industrial development of the artificial intelligence technology in Malaysia.

Proton Auto, Malaysian telecommunications company ALTEL, and ECARX signed a contract to establish a joint venture in June to jointly build a car networking service supplier in Malaysia to provide a new experience of “smart travel” for Malaysian users. The Minister of Industry and Information Technology of China and the Deputy Minister of Communications and Multimedia of Malaysia witnessed the signing of the contract.

In the era of digital transformation, companies in ASEAN hope to tap the potential of cloud computing, and the demand for data center services is increasing. In July, China Mobile International (CMI) announced the official launch of its self-built data center in Singapore, which is the first overseas data center of CMI and CMI's second cloud network core base in the Asia Pacific region.

Glondon and Singapore Surbana Jurong Consultants Private Limited signed a cooperation memorandum of understanding in August. They agreed to cooperate in the development and practice of the advanced digital capabilities in the professional field of “quantity survey and cost management consultant” of construction projects, and jointly promote the development of smart cities in Singapore and ASEAN. Glondon is a leading digital technology company in China's Architecture, Engineering & Construction industry; Surbana Jurong is one of the largest urban and infrastructure management services consulting companies in Asia.

 

China-ASEAN: The Curtain Rises for Digital Economy Cooperation

Xu Ningning said that the 14th China-ASEAN Telecommunications and Information Technology Ministers’ Meeting held in October adopted the China-ASEAN Information and Communication Technology Work Plan for 2020 and the Joint Statement of the 14th China-ASEAN Telecommunications and Information Technology Ministers’ Meeting. In 2020, with the theme of China-ASEAN digital economy cooperation, the two sides will hold the opening and closing activities for the year of digital economy cooperation, seminars, exhibitions, and industrial matchmaking, to promote the establishment of cooperation platforms and the standardization of research and development cooperation, and boost digital economy cooperation to lead the all-round innovation cooperation.

Xu Ningning said that the China-ASEAN Business Council plans to establish a business digital economy cooperation mechanism in the 2020 China-ASEAN Digital Economy Cooperation Year to improve cooperation level and promote mutually beneficial cooperation. In light of the bilateral digital economy cooperation in recent years, Xu Ningning put forward the following suggestions:

First, China's enterprises engaged in the digital economy should conduct thorough feasibility studies before they enter ASEAN and seize the business opportunities, and select right partners to avoiding detours; companies of both sides should focus on advancing cross-border e-commerce cooperation, promoting trade development, and jointly coping with trade protectionism implemented by some major countries.

Second, Chinese companies operating in ASEAN countries should have long-term visions, abide by local laws and regulations, handle well all aspects of relations with local authorities, and fulfill their social responsibilities. Chinese companies should avoid vicious competition, and China's central enterprises should actively support bilateral digital economy cooperation.

Third, Chinese companies should grasp relevant information, make good use of policies and existing cooperation mechanisms, understand the economic development plans and industrial policies of ASEAN countries, understand the Protocol for the upgrading of the China-ASEAN Free Trade Agreement, ASEAN-China Joint Statement on Synergising the Master Plan on ASEAN Connectivity (MPAC) 2025 and the Belt and Road Initiative (BRI), and ASEAN-China Leaders’ Statement on Smart City Cooperation Initiative, etc., to identify the entry point for developing market under the guidance of cooperation consensus reached by the governments, and jointly build the digital silk road.


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