China becomes a World Data Superpower nation.


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Uploaded on Dec 2, 2020

PPT on China becomes a World Data Superpower nation.

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China becomes a World Data Superpower nation.

CHINA BECOMES A WORLD DATA SUPERPOWER NATION INTRODUCTIO N • When it comes to cross-border data transfers, the U.S. was the leading nation back in 2001. • It was the early days of the internet revolution, where tech businesses and tech-savvy customers were in America. • Yet the global order of data is quickly shifting. Source: asia.nikkei.com CROSS- BORDER DATA • China cuFrrenLtlyO acWcountSs for 23% of cross-border data flows, almost double the U.S. share, ranking a distant second with 12%. Source: news.microsoft.com CHINA'S CROSS- BORDER DATA • A researcFh LcomOpaWny onS cross-border data flows found that China's cross- border data flows, including Hong Kong, significantly outstripped those of the other 10 countries and regions analyzed in 2019, including the U.S. Source: www.magzter.com ASIAN NATIONS • In its ties with the rest of Asia, the root of Beijing's influence lies. • Although in 2001, the U.S. accounted for 45% of data flows in and out of China, the number plummeted to just 25% last year. • Asian nations now make up more than half of the number, with 17% in Vietnam and 15% in Singapore in particular. Source: Pinterest PRIVATE- SECTOR TECH FIRMS • To enable private-sector tech firms such as Alibaba Group Holding and Tencent Holdings to grow globally, Beijing has used its Belt and Road infrastructure programme. • The Alipay mobile payment app of the Alibaba spinoff Ant Company is open in more than 55 countries and used by 1.3 billion individuals. Source: asia.nikkei.com CHINA OVER USA • In 2014, China surged past the USA, and in the following years its strength beyond its borders has only increased. Source: asia.nikkei.com WHAT DOES THAT MEAN? • As China becomes a global data superpower, massive volumes of capital that will be indispensable to its potential economic competitiveness will be regulated. Source: skynews.com ARTIFICIAL INTELLIGENCE • In designing artificial intelligence and information technology, data from international sources will have an advantage. Source: www.bloomberg.com ECONOMIC POWER • China is an economic superpower now. China now has a bigger market than the U.S. in buying power parity, and adjusts the worth of a dollar for what it can do in a given region. • Given that China has far more people producing and purchasing products, and they're going to get wealthier than they are now the difference is only likely to rise. Source: www.knnindia.com THANK YOU