DIGITAL ECONOMY

In his speech, Xi attached great importance to the digital economy which has seen fresh momentum since the outbreak of the pandemic.

He proposed that the G20 should advance its efforts in harnessing the role of the digital economy as the pandemic has fueled the boom of new technologies, new business forms and new platforms.

The G20 should enhance data security cooperation, strengthen the digital infrastructure, and level the playing field for high-tech companies from all countries, Xi said.

He also stressed that the group should address the challenges posed by the digital economy to employment, taxation and vulnerable groups, and seek to bridge the digital divide.

"China is ready to work with all parties to explore and formulate digital governance rules on the basis of the China-proposed Global Initiative on Data Security," he said.