Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China leads coronavirus-driven "digital revolution," says observer

September 09, 2020


Abstract : The COVID-19 pandemic has sped up the digital revolution in which China is "leading the way," a bank head said in a recent opinion piece in the South China Morning Post.

HONG KONG, Sept. 9 (Xinhua) -- The COVID-19 pandemic has sped up the digital revolution in which China is "leading the way," a bank head said in a recent opinion piece in the South China Morning Post.

"When it comes to digital transformation, China has been on the front lines, fast-forwarding in consumer-facing areas such as e-commerce and cashless payment," Mark Wang, president and chief executive officer of HSBC China, said in the report released on Monday.

"From live-streaming sales to building lasting business relationships online to adopting - and adapting - new production technology, China is giving the rest of the world a glimpse of the future," he added.

Noting that the Chinese language uses the same word to describe the concepts of crisis and opportunity, Wang said that "every crisis, while deeply unsettling, also contains the seeds of opportunity, a truth that is easy to overlook when the coronavirus pandemic has plunged us all into a global health crisis and an economic downturn."

"The full transformational potential of the digital revolution is only just being felt, and COVID-19 is breaking down the last barriers to full adoption," he added.  Enditem


Scan the QR code and push it to your mobile phone

Keyword: digital

Reading:

​10th Smart City and Intelligent Economy Expo to kick off in east China's Ningbo City

China's digital trade with B&R countries robust: report

Multinationals to embrace more prospects in China: report

China Focus: Global education throws up new trends in post-pandemic era

B&R economies to boost services trade partnership

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial