"Data has now become a crucial element in reshaping the global digital industry's competitiveness," said Xue Lan, dean of the Schwarzman College of Tsinghua University, at the 2024 RCEP Media & Think Tank Forum on May 19. He said cross-border data drives significant economic value by permeating new formats and models of digital trade, and the RCEP also provides crucial new opportunities for businesses in digital trade.

The World Internet Conference (WIC) was established as an international organization on July 12, 2022, headquartered in Beijing, China. It was jointly initiated by Global System for Mobile Communication Association (GSMA), National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT), China Internet Network Information Center (CNNIC), Alibaba Group, Tencent, and Zhijiang Lab.