ched a total volume of over 31 trillion yuan ($4.5 trillion), or 34.8 percent of its GDP, in 2018.
Yang Xiaowei, deputy head of the Cyberspace Administration of China, also called for more efforts to develop the homegr
own big data sector and highlighted that stepping up research and development is key to mastering core technologies.
Paul Romer, co-recipient of the 2018 Nobel Prize in economics and profe
ssor of economics at New York University, said he is impressed by China’s proposal in cyb
er sovereignty which he understands as: Each nation must be able to write and enforce its own laws that reg
ulate cyberspace, and ensure that cyberspace works to the benefit of everyone in the nation.
“China’s articulation and implementation of cyber sovereignty means it is
a chance for the world to see a different kind of organization for cyberspace, and a chance