SHANGHAI, October 23. /TASS/. Russia and China possess great potential for cooperation in digital economy, Russian Minister of Digital Development, Communications and Mass Media Konstantin Noskov said at the 9th international conference Infoforum-China.

"Today's information and communications technologies (ICT) represent the basis of global economic growth that allows countries all over the world to ensure rapid development of their national economies.It is indisputable now that digitalization of economy is impossible without an advanced, secure and stable ICT infrastructure. However, most software that is used by everybody is produced only by a few companies.This situation hampers health competition and introduction of promising ides, on the one hand. On the other hand, it cannot ensure the necessary level of information and network security," Noskov said.

"It is especially important now to make joint efforts to de-monopolize the global software market. I think it is necessary to concentrate on developing competition and finding new solutions. In this regard, I would like to draw your attention to the positive dynamis of cooperation between Russia and China, the increasing number of joint ICT projects, as well as to a great potential for bilateral cooperation in digital economy," Noskov said.

The minister also expressed confidence that Infoforum-China will facilitate inter-state cooperation in such spheres as innovation and experience exchange in digital technologies and information security.