Chinese Vice-President Wang Qishan delivers speech in Davos

-Work together to shape the global architecture in the age of the fourth industrial revolution with the vision to create a better future for all mankind

Wang pointed out that new technologies bring opportunities, but they also create risks and challenges. We must work together to shape the global architecture in the age of the fourth industrial revolution with the vision to create a better future for all mankind.

We need to uphold the security of all mankind. We need to explore the adoption of relevant rules and standards in a phased way, while leaving broad space for the dissemination and application of scientific discovery and technological innovation. We need to accommodate in a balanced manner the interests of all countries, especially those of emerging markets and developing countries

One should not ask the whole world to address only the security concern and comply only with the standards of developed countries or individual countries. It is imperative to respect national sovereignty and refrain from seeking technological hegemony, interfering in other countries' domestic affairs.

We need to uphold multilateralism and jointly build a system of rules for technology and new international cooperation framework featuring peace, security, democracy, transparency, inclusiveness and mutual benefit, so that all people can gain from technological innovation. We need to uphold social equity and justice, and ensure technological innovations are guided by us humans, meet our needs and be compatible with our values. We need to improve policy environment and promote social prosperity and stability.