digital economy

At the Global Digital Economy Conference, Beijing unveiled plans for AI-powered “data-smart cities” featuring optimized governance and integrated intelligence hubs. 5G emerged as a key diplomatic and technological tool, enabling real-time applications like holographic streaming and fueling a projected $1.3 trillion smart city market by 2035. The integration aims to create cities that anticipate urban needs.

Corporate tax filings ending May show robust growth for key economic sectors. Digital economy, high-tech, and robotics industries saw a 7.1% rise in operating revenue and a 5.2% profit surge. Leading tech companies experienced an 11.9% revenue and 19.7% profit increase. The high-tech sector, particularly aerospace and scientific research, also reported significant gains. Robotics, specialized for challenging environments, led sector growth.

A family’s financial loss, initially suspected as account compromise, was revealed to be a teen’s scheme involving ride-sharing and an online marketplace. The daughter used her mother’s account to order rides, then received payment from riders through a secondary platform. This sparked debate on the broad range of services offered by such platforms, including the potential for misuse and the need for stronger security protocols.