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World Internet Conference Wuzhen Summit concludes with fruitful results

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World Internet Conference Wuzhen Summit concludes with fruitful results

2024-11-22 16:21 Last Updated At:20:57

The three-day 2024 World Internet Conference (WIC) Wuzhen Summit concluded in Wuzhen Town of east China's Zhejiang Province on Friday with fruitful outcomes, including display of the latest global developments in the internet sector and new technologies, as well as products in the field of artificial intelligence.

Over 1,800 participants from more than 130 countries and regions attended the event online or offline. The participants, including experts and leaders, had in-depth discussions on key topics such as the Global Development Initiative, the digital economy, and innovation and governance of artificial intelligence technology, contributing their wisdom and efforts to promoting global internet governance and development.

As a highlight of the summit, the Light of Internet Expo brought together 665 companies and institutions from 53 countries and regions to display the latest global developments in the internet sector and new technologies, as well as products in the field of artificial intelligence.

"We have set up a platform for communication at the World Internet Conference, where we had extensive discussions on the development of the global Internet and the Internet governance. And the expo serves to display to the public the Internet technology achievements, including their applications, which is also a way to popularize Internet knowledge," said Wu Hequan, academician with the Chinese Academy of Engineering, in an interview with China Central Television on the sidelines of the event.

"We've seen applications and practical use of many advanced technologies at the expo this year. Every industry should actively embrace Internet technology, which in turn will lead the entire industry to keep upgrading itself. I believe that this is one the most important purpose of the conference for the industry," said Liu Chunxi, a participant.

During the conference themed "Embracing a people-centered and all-for-good digital future - building a community with a shared future in cyberspace", outstanding cases on building a community with a shared future in cyberspace were released, and World Internet Conference pioneering science and technology awards were unveiled.

In addition, four new projects were introduced, and reports on the Internet development in China and the world were released, showcasing China's achievements in internet development and providing reference for others to promote Internet development.

"We've seen many China-funded firms coming to Malaysia to help us set up data centers. They also help Malaysia to achieve a very good leading position in Southeast Asia," said Teo Nie Ching, Malaysia's Deputy Minister of Communications.

World Internet Conference Wuzhen Summit concludes with fruitful results

World Internet Conference Wuzhen Summit concludes with fruitful results

Global food commodity prices climbed for a second consecutive month in March, driven mainly by higher energy costs linked to escalating conflict in the Middle East, the Food and Agriculture Organization of the United Nations (FAO) said in report released on Friday.

The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 128.5 points in March, up 2.4 percent from February and 1.0 percent above its level a year ago.

According to the report, the FAO Vegetable Oil Index and Sugar Price Index showed the largest increases, up 5.1 percent and 7.2 percent, respectively.

The FAO Cereal Price Index increased by 1.5 percent from the previous month, driven primarily by higher world wheat prices, which rose 4.3 percent.

The FAO Meat Price Index rose by 1.0 percent from the previous month, and the FAO All-Rice Price Index declined by 3.0 percent in March, according to the report.

FAO stated that rising energy and fertilizer prices have been driving up agricultural input costs.

If the conflict stretches beyond 40 days, farmers will have to choose to farm the same with fewer inputs, plant less, or switch to less intensive fertilizer crops, according to FAO Chief Economist Maximo Torero.

These choices will hit future yields and shape food supply and commodity prices for the rest of this year and beyond, Torero said.

Global food prices rise for 2nd consecutive month in March amid Middle East conflict: FAO

Global food prices rise for 2nd consecutive month in March amid Middle East conflict: FAO

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