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The digital frontier has become a new arena of contest for the world's two largest economies, needing effective, efficient and thoughtful regulation to ensure that its benefits are realised and dispersed.
Asia needs to harness the digital revolution to steer clear of a pessimistic economic outlook, but must first leap the hurdles of AI governance, writes Jacob Taylor (Brookings Institution).
The global value chain is playing a critical role in sustainable development.
KUALA LUMPUR: Companies from Regional Comprehensive Economic Partnership (RCEP) countries and China will be investing RM100 billion over the next five years in Malaysia to accelerate the country’s digital and green economy transformation through the RCEP Innovation and Digital Ecosystem (Ride) Madani initiative, the Malaysia-China Digital Economy Cooperation Council (MCDC) announced.
Economies in the Asia-Pacific are being pulled closer into this axis despite misgivings over Beijing's disregard for trade and investment niceties. European economies, for that matter, do not share the strong scepticism of the US about China and are individually raising their engagement with the world's largest trading bloc.