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在线翻译:
szdaily -> Shenzhen -> 
City reviews digital economy regulations
    2021-08-31  08:53    Shenzhen Daily

SHENZHEN will set up a data trade center and explore cross-border transaction data as part of its effort to create a better environment for the development of the digital economy.

According to a draft on promoting the development of Shenzhen’s digital economy that has been handed to lawmakers to review Sunday, the city will improve the ecological system of data factor markets, develop data compliance accreditation and third-party services like credit ratings.

Shenzhen’s digital economy ranked first among Chinese cities in terms of both added value and its proportion to the city’s total GDP. According to the Shenzhen Municipal Industry and Information Technology Bureau, the city’s core digital industries’ added value hit 844.6 billion yuan (US$130 billion) in 2020, accounting for 30.5 percent of its GDP.

The industry’s development, however, has problems like lack of institutional innovation in management and low efficiency of data resources. The city’s legislature hopes that digital economy legislation will solve the industry’s development pain points and create a better development environment, according to a report of Shenzhen Special Economic Daily yesterday.

The draft also put forward establishing an auditing mechanism for data production to reflect data’s asset value as a production factor.

The draft encourages enterprises, research institutes and higher learning institutions to jointly conduct research in key digital technologies like high-end chips and basic software and develop products and services with their own intellectual property rights (IPRs). The draft suggests setting up a faster pre-assessment mechanism over digital IPRs for protection.

The draft also supports application scenarios of data technologies in different sectors like industries, agriculture and services.

In the draft on establishing graded supervision mechanism over artificial intelligence that lawmakers reviewed Sunday, the government and related departments are advised to implement graded and differentiated supervisory measures based on the risks, scenarios and impact of the application of artificial intelligence. The draft also suggests the Standing Committee of Shenzhen Municipal People’s Congress to authorize the city government to work out methods on graded supervision over the artificial intelligence based on its development and application. For high-risk AI applications, the authorities will adopt a supervisory mechanism for pre-assessment and risk alarm mechanism. For the medium- and low-risk AI applications, the supervision mechanism should be disclosure before application and after-use controls.

(Han Ximin)

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