the big data industry and is willing to share opportunities of the dig
ital economy’s development with other countries and jointly explore new growth drive
rs and development paths by exploring new technologies, new business forms and new models, Xi added.
With increasingly wider applications of digital technologies in China, the country is expected to genera
te and store 27.8 percent of global online data by 2025, up from 23.4 percent last year, according to a re
port by market researcher International Data Corp and data storage firm Seagate.
In comparison, the US share will stand at 17.5 percent by 2025, a drop from its 21 percent share in 2018, the report added.
United Nations Secretary-General Antonio Guterres said that f
rom medicine to transportation to farming, big data presents the world with a r
emarkable tool to advance global progress, but with that opportunity also comes risk.
ered on consensus, social harmony, stability and discipline, are more important and rel
evant than ever in the face of challenges－such as protectionism and terrorism－confronting the world today.
Joefe Santarita, dean of the Asian Center at the University of the Philippines, said Asian values promote consensual approach and communitari
anism rather than individualism, and they prioritize social order and harmony as well as respect for elders, discipline and a pate
rnalistic state along with the primary role of government in economic development.
“Asian values are the salient ingredients on how to learn to work tog
ether through trust and consequently promote globalization,” Santarita told China Da
ily. He cited China’s guanxi, a cultural concept that stresses deep personal connections and maintaining relations.
“Guanxi is a clear manifestation of a success story of a cultural element that is aptly applied
in the business sector. Trust is a fundamental element for Chinese businessmen who have engaged in com
mercial partnerships and international trading systems for centuries,” he said.
ities have grown more quickly than in big cities, including clothing, food, beverages and home appliances, Chen added.
During Spring Festival in February, small-town youths in third- an
d lower-tier cities outperformed their peers in bigger centers of population in consu
mption across major e-commerce platforms, including the number of orders placed and the range of products bought.
In third- and fourth-tier cities, total online spending during Spring Festival rose by 55 percent year-on-year, comp
ared with 51 percent in first-tier metropolises. Spending by small-town youths on beauty products rose by 7.8 perc
ent year-on-year, compared with a 5.4 percent increase among their peers in larger cities, according to a report rel
eased by Tmall－Alibaba’s e-commerce platform－and market research company Kantar Worldpanel.
Small-town youths have also boosted the movie industry. For example, in the first quarter of this year, some
56 percent of the box office for The New King of Comedy came from lower-tier cities, as did 46 percent for Crazy Alien.
Chinese tourist destinations are swearing by global standards to earn more revenue
Having traveled to more than 20 countries and regions, Shi Hui, 36, a unive
rsity lecturer in Shanghai, treasures the souvenirs he bought at each of the places.
Shi goes on at least one trip of about 20 days each year. The souvenirs help keep memor
ies of his experiences overseas fresh, and he proudly flaunts them to visitors to his home.
He also travels widely within the Chinese mainland, but does not feel co
mpelled to buy Chinese souvenirs. This is because most of them are made in Yiwu in Zheji
ang province, and appear somewhat similar to each other, lacking distinctive features in terms of style, design and mater
ials used. Worse, not all of them are authentic but shoddy, of low-end variety, he said.