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the big data industry and is willing to share opportunities of the dig
ital economy’s development with other countries and jointly explore new growth drive
rs and development paths by exploring new technologies, new business forms and new models, Xi added.
With increasingly wider applications of digital technologies in China, the country is expected to genera
te and store 27.8 percent of global online data by 2025, up from 23.4 percent last year, according to a re
port by market researcher International Data Corp and data storage firm Seagate.
In comparison, the US share will stand at 17.5 percent by 2025, a drop from its 21 percent share in 2018, the report added.
United Nations Secretary-General Antonio Guterres said that f
rom medicine to transportation to farming, big data presents the world with a r
emarkable tool to advance global progress, but with that opportunity also comes risk.
both sides have the sincerity to solve the existing problems.
“The purpose decides everything,” Liu said, in English. “China wants a very equal and dignif
ied deal, and under this premise, a good, cooperative deal,” he said. “I hope our US colleagues would understand this.”
Liu said he believed both sides have a strong desire to reach a deal. “We need to work hard tog
ether to surpass the temporary difficult period of time, and then we’ll have a bright future,” he said.
Asked by China Daily how China and the US could help world economic growth, whose p
rospects have been already compromised by the escalation of trade tensions between the two countries, Liu said co
operation serves the interests of the two sides and the whole world, while conflict hurts both.
“We have tremendous common interests and many commo
n foes, only through cooperation could we solve these problems,” Liu said.
ities have grown more quickly than in big cities, including clothing, food, beverages and home appliances, Chen added.
During Spring Festival in February, small-town youths in third- an
d lower-tier cities outperformed their peers in bigger centers of population in consu
mption across major e-commerce platforms, including the number of orders placed and the range of products bought.
In third- and fourth-tier cities, total online spending during Spring Festival rose by 55 percent year-on-year, comp
ared with 51 percent in first-tier metropolises. Spending by small-town youths on beauty products rose by 7.8 perc
ent year-on-year, compared with a 5.4 percent increase among their peers in larger cities, according to a report rel
eased by Tmall－Alibaba’s e-commerce platform－and market research company Kantar Worldpanel.
Small-town youths have also boosted the movie industry. For example, in the first quarter of this year, some
56 percent of the box office for The New King of Comedy came from lower-tier cities, as did 46 percent for Crazy Alien.