More talent cultivation needed to grow digital economy

The further development of the country's digital economy requires talent cultivation, international cooperation and sufficient government intervention, experts said.

Duan Peng, vice-president of Communication University of China said during a recent forum addressing current issues in international business. The forum was hosted by Communication University of China, and focused on how the digital economy has become a strong push to the high-quality development of China.

"Driven by the digital industry and digitalization, knowledge towards it and information will become the new production tool," he said, adding that educational institutions and research and development institutions need to work together and catch up on talent cultivation.

Liu Hong, a professor at Capital University of Economics and Business, also argued the emerging form of the economy demands new talent in international business, while the uncertainties with the international economy environment will bring more challenges to talent cultivation.

Sun Baowen, director of the China Internet Economy Research Center of Central University of Finance and Economics, said China's rapid development of the digital economy is rooted in China's large consumption market, manufacturing capability and acceptance from the government.

"The government adopted an open-attitude toward the development of e-commerce, thus it was totally a market behavior," he said. "However, such acceptance was partially due to the government's incapability to govern the industry."

He said the rapid development of the digital economy posted new challenges to sufficient governance from the authority.

"At the same time, it brings new issues of supervision and governance, such as personal information protection, platform monopoly and unfair competition," he said.