Editor's note: The Global Digital Economy Conference 2023 runs from July 4 to 7 in Beijing under the theme of "Digital Drives Development, Intelligence Leads the Future".

The event is co-hosted by the Ministry of Industry and Information Technology, the Ministry of Commerce, the Cyberspace Administration of China, the China Association for Science and Technology and the People's Government of Beijing Municipality.

Let's take a look at some quotes from the guests.

"Foundation model will become a standard layout for every digital system, such as mobile phones and automobiles. It can be everywhere. The future is not a 'battle of 100 models', but a' dance of 10,000 models'."

"The real opportunity of foundation model comes from enterprises-level market. China should seize the opportunity of industrial development to develop foundation model."

"It is a practical requirement of the digital age to improve the resilience and security level of the supply chain with digital technology, and it is an effective way to empower the digital transformation and upgrading of the industrial digital supply chain with digital intelligence."

"Intelligence leading the future will be an inevitable trend and the choice of the times for the further deepening of the development of digital technology."

Wang Qinmin, head of the national experts panel on e-government affairs, delivers a speech at the Global Digital Economy Conference in Beijing. [Photo/the Official Website of GDEC]

"China will drive data-driven development, lead the future with intelligence, and contribute to the cooperation and development of the world's digital economy."

"China will build a modern digital economy industrial system; build an intelligent, efficient digital government and an inclusive and convenient digital society; and give full play to the enabling role of data resources in the digital economy."

"Financial foundation models can help small and medium-sized institutions bridge the digital divide."

"There are many small and medium-sized institutions in the financial industry and they have great disparity from head institutions in terms of business scale and scientific and technological capabilities."

"In the era of large models, all financial institutions can use advanced financial foundation models to solve their own business problems, as everyone stands on the same starting line. "

"This is an opportunity for small and medium-sized institutions to get across the 'digital divide' and 'intelligent divide.'"

"It is necessary to speed up the establishment of the right confirmation system of data resources and define the ownership relationship of each data resource and to speed up the formulation of data resources collection, utilization, exchange and sharing rules."

"It is also necessary to speed up the construction of rules for the flow of data resources and cross-border flow of data, and encourage and support the free and reasonable flow of data according to the law on the premise of safeguarding national security."