China MIIT Urges Global Governance Role in Digital Economy and AI
China’s Ministry of Industry and Information Technology (MIIT) convened a study session on September 1, urging higher-quality opening up to drive domestic and international dual circulation. MIIT stressed leveraging both domestic and international markets and resources, enhancing “bringing in” to improve the business environment and “going out” to support overseas expansion. The ministry highlighted active participation in global governance of the digital economy, artificial intelligence, radio spectrum, and communication infrastructure. It also proposed building a New Industrial Revolution partnership network and fostering a secure, efficient, open, and inclusive global industrial and supply chain system.
Neutral
This policy statement from China’s MIIT reflects a strategic emphasis on global governance in digital economy and artificial intelligence, signaling long-term support for technology development and international cooperation. For crypto traders, the announcement is neutral: it underscores a broader push for digital infrastructure and regulatory engagement but lacks specific measures targeting blockchain or cryptocurrencies. Historically, similar policy drives have improved overall tech environments without triggering immediate market rallies or declines. In the short term, traders may see stable sentiment; in the long term, enhanced digital governance could foster clearer regulations and infrastructure that benefit crypto adoption.