World IT Leaders Show Confidence in China
Tesla, Intel, and Qualcomm leaders were present, all keen to support China's digital transformation.
The 2021 World Internet Conference (WIC) Wuzhen Summit focusing on digital civilization (taking the world's information technology forward to a new era) closed with impressive results.
Guests from all over the world attend the opening ceremony of 2021 World Internet Conference Wuzhen Summit.(PHOTO: XINHUA)
Tesla, Intel, and Qualcomm leaders were present, all keen to support China's digital transformation. Tesla CEO Elon Musk, Intel's Pat Gelsinger and Qualcomm's Cristiano Amon addressed the WIC via video，showing a strong desire for future cooperation with China.
Fruitful results
More than 2,000 representatives from 96 countries and regions, attended the event, themed "Towards a New Era of Digital Civilization-Building a Community with a Shared Future in Cyberspace" online and offline.
An expo titled "the Light of Internet" was also held as part of the summit, attracting more than 300 renowned companies and institutions. Twenty sub-forums covering topics like 5G, artificial intelligence and next-generation Internet were held during the summit.
A total of 14 world-leading Internet scientific and technological achievements were unveiled and two reports on the world Internet development and China Internet development, namely "World Internet Development Report 2021" and "China Internet Development Report 2021" were released during the summit.
Opinions of tech giants and media
According to CNBC, speaking via video at the opening ceremony, Musk said Tesla is pleased to join and support China's digital economy and the company is looking forward to the economic transformation that will be brought about by self- driving cars.
"At Tesla, we are glad to see a number of laws and regulations that have been released to strengthen data management," said Musk. "Tesla has set up a data center in China to localize all data generated from our business here, including production, sales, service, and charging." It is the first time this information has been disclosed.
It marks the second time this year that Musk has lauded China's credentials as "a global leader in digitalization," declaring that Tesla will continue to expand its investment into China. Musk said he "hopes to contribute to building a digitized future of shared benefits, responsibilities, and governance."
Qualcomm's Amon commended the speed of China's 5G rollout and the many relationships his company has cultivated with local device makers, urging American and Chinese companies to work together more.
Cisco Systems Inc. CEO Chuck Robbins spoke about aligning with the vision of a shared cyberspace community for the benefit of all.
Bloomberg commented that Tesla, Intel and Qualcomm are among a handful of the U.S. companies with ambitions to expand their business in China, which is the world's biggest market for electric vehicles as well as smartphones. Qualcomm processors dominate the Chinese smartphone arena, while Intel stands to benefit from the country's expanding investment in data centers and Internet infrastructure to support cloud services.
