One Belt, One Road: China heralds ‘Digital Silk Road’; foresees internet-era power shift soon

In an eastern Chinese town not too far from Shanghai, cybertechnology leaders and government officials from around the world gathered this week to discuss the future of the global digital economy.

“This year's theme is set with a hope that we can better embrace the historical opportunities brought by the development of the internet, as well as use the digital economy as a key driving force to promote openness, cooperation, communication and sharing of cyberspace,” Wang Huning, a leading member of the Communist Party, said during his opening speech to the fourth World Internet Conference in Wuzhen.

However, beyond the usual deluge of platitudes and jargon that generally tends to accompany technological events, two key elements set this year's conference apart, marking a potential shift in power in the ongoing race for global digital domination.

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