【Top 10 CSR Events in China】No.03 Chinese President Xi Jinping stresses Internet social responsibility

 

On April 19, President Xi Jinping addressed on a symposium on cyber security and informatization that the meaningful wealth is the wealth that contributes to society, and that only those shoulder social responsibilities are competitive and vital enterprises.  Enterprises should not only fulfill its economic and legal responsibility, but also moral and social obligations. The bigger enterprise is, the greater social and moral responsibility will be, and the higher expectation from the public.  
Reason for Listing:
Internet turns out to be a “paradox”. Aside from Bringing both benefits and harms, it also provides solutions to development challenges and generates new problems. Frequently-occurring scandals, such as Internet infringement and fraud, placed the development of Internet industry in China under the center of public spotlight. President Xi proposed some new views and highlighted some new changes and requirements of Internet development at the symposium. Supported by theories of responsibility and connotations of wealth, they are problem-oriented with an aim to help enterprises find the solution by fulfilling social responsibility and improving competitiveness, whereby bringing the Internet enterprise CSR to a higher level. Therefore, Internet enterprises should focus on the sustainability of Internet to lay out their business, correct development deviation and strengthen their competitiveness.
Related events:
1. On April 12, "Wei Zexi Incident" brought public attention to paid listing model on some online information platform, such as Baidu Online Marking Service API.
2. On September 9, Wang Xin, Chief Executive Officer of Shenzhen QVOD Technology----a company on Internet and streaming media technology development and application----and other senior managers involved, pled guilty of broadcasting pornography online for profit. 
3. On November 7, the Cyber Security Law of People’s Republic of China was approved. It will take into effect in June 2017. As the first law on cyber security in China, it clarifies cyberspace sovereignty principle and defines security obligations for Internet-product-and-service providers and operators.