
China announces Digital China development plan
19 May 2025 10:45
BEIJING (XINHUA)China has released a 2025 action plan to build a Digital China, outlining key initiatives like a programme called 'AI Plus', infrastructure upgrades, data industry boosts, and talent development programmes.China's National Data Administration announced that the plan calls for the promotion of the market-oriented reform of data resource allocation, alongside the accelerated development of a unified national data market, the promotion of a data-driven digital economy tailored to local conditions, and the comprehensive enhancement of the overall level of digital development.By the end of 2025, China aims to achieve major progress in building a Digital China, with the continuous expansion of quality productive forces in the digital industry, as well as significant improvements in the quality and efficiency of digital economic development.
The plan also aims for the added value of core digital economy industries to contribute over 10 percent of the country's gross domestic product, and sets goals for steady progress in building a unified data factor market, with computing power to be increased to over 300 one quintillion floating-point operations a second.
The initiative outlines eight major areas for action, including institutional innovation, local brand development and AI Plus application.China's digital industry generated a revenue of 8.5 trillion yuan (about $1.18 trillion) in the first quarter of this year, up 9.4 percent year-on-year, according to data from the Ministry of Industry and Information Technology.
This year's government work report noted that the country will "accelerate the digitalisation of manufacturing, foster a number of service providers with both industry expertise and digital know-how, and bolster support for the digital transformation of small and medium-sized enterprises."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Crypto Insight
14 hours ago
- Crypto Insight
The anatomy of a crypto scam: How to stop and prevent common threats
In the vast world of crypto, the line between opportunity and deception is razor-thin. The traits that make digital assets attractive — anonymity, independence and rapid transferability — also create fertile ground for fraudsters. Scams are woven into the fabric of the crypto ecosystem, exploiting trust, greed and fear. Unlike traditional financial systems with regulators, the decentralized crypto space allows opportunistic actors to thrive. Understanding the structure of these scams is crucial. Just as forensic investigators dissect crime scenes, analyzing the architecture of crypto scams reveals the calculated maneuvers used to siphon funds. Each scam follows a familiar blueprint — preying on human psychology and the lack of regulation in decentralized finance (DeFi). Breaking down these frameworks provides valuable insights, helping investors and institutions recognize warning signs and fortify defenses in this high-risk environment. The hook — perfect bait for every target The first stage of any scam begins with the hook: a carefully crafted message or offer designed to capture the victim's attention and trigger an emotional response. Before setting the hook, scammers often invest significant time gathering information about their targets. They sift through leaked emails, phone numbers and other personal information to build a profile, crafting a personalized scam to increase the likelihood of success. By incorporating specific details — such as the target's language or personal information — the fraudsters add a layer of credibility that creates trust. Once armed with their target's details, scammers move to the hook, preying on curiosity, trust and the promise of easy profits. Whether it's a phishing email, a fake account alert or an investment opportunity promising 'guaranteed returns,' the goal is to present something too enticing to ignore. A common example is the fake exchange account scam, in which victims believe they have been given accidental access to a large sum of unclaimed money. The scam begins with an unexpected message stating, 'Your account has been created,' accompanied by login credentials for an account/wallet on a cryptocurrency exchange. The victim logs in and finds a balance of $10,000 waiting for them. Delight is replaced by greed as they attempt to withdraw the funds. But there's a catch: the system requires a small deposit — perhaps $1,000 — to unlock the full amount. Once the fee is paid, the scam becomes clear: the exchange was fake, and the deposit is now in the hands of scammers. This scam works because it preys on greed and the allure of a 'lucky break.' Victims become so focused on the reward that they ignore the warning signs, such as bad grammar in the message or lack of domain security on the website. The setup — establishing trust and gaining access After successfully hooking a victim's attention, scammers focus on building trust. This phase involves cultivating a sense of legitimacy and familiarity with scammersgoing to great lengths to establish a personal connection. Scammers may even employ tactics like investment scams, where they spend weeks or months grooming their victims, engaging them in friendly conversations and feigned relationships to create a strong bond. Only once this trust is deeply established do they introduce the fraudulent investment or fake platform, luring victims to transfer funds that they will never see again. The SIM swap attack is another devastating example whereby scammers exploit technological trust. By gathering personal information that is available publicly on social media, such as birthdays, pet names or even favorite sports teams, the fraudster can impersonate the victim. They then contact the target's mobile service provider, armed with these personal details, and request a phone number transfer to a SIM card in their possession. With control over the victim's phone number, they can bypass two-factor authentication and gain access to crypto wallets, bank accounts and emails. The setup phase succeeds because scammers exploit both technological trust and personal familiarity. Humans are, by nature, social creatures, and scammers exploit this characteristic by building relationships that appear genuine. In the SIM swap, scammers manipulate trust in technology, using the victim's digital security habits against them. The execution — draining funds through hidden mechanisms Once access is gained, scammers move to the execution phase, where they drain funds using hidden mechanisms. This is the most devastating stage, as the carefully designed setup ends in significant financial losses for the victim before they've even realized something is wrong. For example, in 2018, a victim boarded a short flight, unaware that scammers had executed a SIM swap while he was offline. By the time the plane landed, funds had been siphoned from his crypto wallet. With control over his phone number, the scammers were able to bypass two-factor authentication (2FA) and gain access to everything. Another good example is the poison wallet tactic which targets large over-the-counter (OTC) platforms. Scammers trick targets into sending small amounts of funds to fraudulent addresses. They do this by creating wallet addresses that look very similar to the initial and final characters of the victim's legitimate address. They then send a small transaction to the victim, hoping the fake address will show up in the user's transaction history. When the victim next makes a transaction, they may unwittingly select the fake address from their history. In this tactic, scammers take advantage of automation and human error. Bots monitor wallet balances, triggering automatic withdrawals when a balance crosses a certain threshold. Meanwhile, the use of familiar-looking addresses plays on the victim's carelessness and trust in their own records. The stolen amounts might be small per transaction, but cumulatively, they siphon off thousands daily, all going virtually unnoticed.


Gulf Today
3 days ago
- Gulf Today
Xi signs treaty to cement ‘eternal' Central Asia ties
China President Xi Jinping signed a treaty to elevate ties with Central Asian nations on Tuesday, as Beijing looks to further deepen cooperation on trade, energy and infrastructure with the resource-rich region. The summit in Astana brought together Xi with the leaders of Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan. Under Russia's orbit until the fall of the Soviet Union in 1991, the five Central Asian states have courted interest from major powers including China, the European Union and the United States since becoming independent. At the summit, the group signed a pact of 'eternal' friendship as Xi called for closer ties with the resource-rich region. 'We should... strengthen cooperation with a more enterprising attitude and more practical measures,' said Xi in comments carried by state news agency Xinhua. Central Asia is also seen as a key logistics hub, given its strategic location between China, Russia, the Middle East and Europe. Speaking as Western leaders gathered on the other side of the world for the G7 in Canada, Xi refreshed his criticism of US President Donald Trump's trade policies. 'Tariff wars and trade wars have no winners,' Xinhua quoted him as saying. While Central Asian leaders continue to view Russia as a strategic partner, ties with Moscow have loosened since the war in Ukraine. China has also shown willingness to invest in massive infrastructure projects in the region, part of its Belt and Road initiative that uses such financing as a political and diplomatic lever. In a meeting with Kyrgyzstan's president, Xi called for moves to 'advance high-quality construction of the China-Kyrgyzstan-Uzbekistan railway and foster new drivers of growth in clean energy, green minerals and artificial intelligence'. The five Central Asian nations are trying to take advantage of the growing interest in their region and are coordinating their foreign policies accordingly. They regularly hold summits with China and Russia to present the region as a unified bloc and attract investment. High-level '5+1' format talks have also been organised with the European Union, the United States, Turkey and other Western countries. 'The countries of the region are balancing between different centres of power, wanting to protect themselves from excessive dependence on one partner,' Kyrgyz political scientist Nargiza Muratalieva told reporters. Russia says China's growing influence in the region does not pose a threat. 'There is no reason for such fears. China is our privileged strategic partner, and the countries of Central Asia, naturally, are our natural historical partners,' Kremlin spokesman Dmitry Peskov told reporters on Monday. But China has now established itself as Central Asia's leading trading partner, far outstripping the EU and Russia. Construction of the Uzbekistan-Kyrgyzstan-China railway and the China-Tajikistan highway, which runs through the Pamir Mountains to Afghanistan, are among its planned investments. New border crossings and 'dry ports' have already been built to process trade, such as Khorgos in Kazakhstan, one of the largest logistics hubs in the world. 'Neither Russia nor Western institutions are capable of allocating financial resources for infrastructure so quickly and on such a large scale, sometimes bypassing transparent procedures,' said Muratalieva. Kazakhstan said last week that Russia would lead the construction of its first nuclear power plant but that it wanted China to build the second. 'Central Asia is rich in natural resources such as oil, gas, uranium, gold and other minerals that the rapidly developing Chinese economy needs,' Muratalieva said. 'Ensuring uninterrupted supplies of these resources, bypassing unstable sea routes, is an important goal of Beijing,' the analyst added. China also positions itself as a supporter of the predominantly authoritarian Central Asian leaderships. At the last Central Asia-China summit, Xi called for 'resisting external interference' that might provoke 'colour revolutions' that could overthrow the current leaders in the region. Agence France-Presse


Zawya
4 days ago
- Zawya
China issues guidelines for Shanghai international financial centre
China issued guidelines for the development of the Shanghai international financial centre on Wednesday, the official Xinhua news agency reported. The country will facilitate cross-border trade and investment and push for more international financial organisations to set up in Shanghai, the Central Financial Commission said in the guidelines. China will also improve monitoring and alerting of cross-border capital flows, and take steps to prevent and defuse cross-border financial risks, according to the guidelines. (Reporting by Beijing Newsroom Editing by Tomasz Janowski)