China’s digital economy already accounts for more than a third of total GDP, but its supporting legal system still lags behind. Photo: Reuters China’s digital economy already accounts for more than a third of total GDP, but its supporting legal system still lags behind. Photo: Reuters
China’s digital economy already accounts for more than a third of total GDP, but its supporting legal system still lags behind. Photo: Reuters

China’s Communist Party

China /  Politics

China makes new laws to regulate hi-tech sector a major priority for next five years

  • Plans to overhaul legal system will include reforms to ‘overcome shortcomings’ in areas such as AI, cloud computing and online finance
  • Regulations have been relatively lax until now to aid the development of the country’s digital economy

Topic |   China’s Communist Party
Holly ChikGuo Rui
Holly Chik and Guo Rui in Guangzhou

Updated: 8:34am, 12 Jan, 2021

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China’s digital economy already accounts for more than a third of total GDP, but its supporting legal system still lags behind. Photo: Reuters China’s digital economy already accounts for more than a third of total GDP, but its supporting legal system still lags behind. Photo: Reuters
China’s digital economy already accounts for more than a third of total GDP, but its supporting legal system still lags behind. Photo: Reuters
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