SHANGHAI - President Xi Jinping has called for improved regulation and governance of China's digital economy to guard against its"unhealthy" development as Beijing aims to boost the sector's contribution to the country's growth.
China should"cultivate a number of enterprises with international competitiveness, and leading ecological firms with control over industrial chains, to create world-class digital industry clusters", he said. Mr Xi also called for regulation and standardisation to plug regulatory loopholes and prevent"monopolies and disorderly expansion of capital" in the world's second largest economy.
China should also improve its national security system, with a focus on strengthening digital economy early warning, prevention and control systems to ensure the security of key technologies, important industries and facilities, strategic resources, and leading enterprises.
Jack Ma who brought himself from nothing to something should be an inspiration for all the people of the land now called China. Not princeling.
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