Zhang Ying, CPPCC member, actively participated in the formulation of international rules and digital technology standards such as digital currency

According to reports, Zhang Ying, member of the National Committee of the Chinese People’s Political Consultative Conference and deputy director of the Shanghai Municipal Commission of Economy and Information Technology, said in an interview that it was recommended to take the lead in carrying out comprehensive integration and stress testing of rules in areas such as the new area near the port of the Shanghai Pilot Free Trade Zone and setting up a pilot area for international cooperation in data integration with high standards of rules. Actively participate in the development of international rules and digital technology standards such as data flow, data security, certification and evaluation, and digital currency.

Interpretation of this information:

The message suggests that Zhang Ying, a member of the National Committee of the Chinese People’s Political Consultative Conference and deputy director of the Shanghai Municipal Commission of Economy and Information Technology, believes that China should take a strategic approach towards rules integration, data standards, and international cooperation in digital technology. The message also indicates that the Chinese government should actively participate in the development of international standards related to data flow, data security, certification, evaluation, and digital currency.

The focus of the message is on setting up a pilot area for international cooperation in data integration and carrying out comprehensive integration and stress testing of rules in the new area near the port of the Shanghai Pilot Free Trade Zone. This indicates that China recognizes the importance of testing and integrating rules to ensure they are effective in practice. Furthermore, such efforts are likely aimed at ensuring that the Chinese legal system is aligned with international standards, which will help promote greater international cooperation while also protecting China’s interests.

The emphasis on the development of international standards related to data flow, data security, certification, evaluation, and digital currency also reveals the growing importance of digital technology in the global arena. As data privacy and security become increasingly crucial issues, the message indicates that China recognizes the need for international standards and regulations that govern digital transactions, which will help to promote global economic growth and digital innovation. China’s support for such regulations and standards will also strengthen its position in the global digital economy.

Overall, the message suggests that China is taking a proactive approach towards integrating rules, data standards, and international cooperation in digital technology. It acknowledges the importance of setting up a pilot area for testing and integrating rules, while also recognizing the need for international standards that will promote digital growth and global economic development. With its efforts to create a robust and secure digital infrastructure, China is positioning itself as a leader in the global digital economy.