B：Everyone expected that these technologies would bring huge benefits to everybody. I don’t see any industry that is really thriving on digital audio and video-at least not as much as they do in other sectors like consumer electronics or telecommunications. The quality of sound is better, but the overall experience hasn’t really changed. Technologies such as MP3 and the Internet have opened the way to revolutionary digital experiences and also to an unprecedented development of piracy. It’s a stalemate in which everybody loses in the long run：industries miss new opportunities for business, and users will not benefit from future technological advances.
B：What we need is a system that guarantees the protection of copyrights but at the same time is completely transparent and universal.
With the Digital Media Project we are working to develop a format that meets these requirements. The system will be nonproprietary, meaning that any manufacturer will be allowed to incorporate it into its products. It will also be designed to manage digital rights in a flexible way.
B：I believe that there are hundreds of possible applications just waiting to be invented. The real value will be in providing the users with new experiences. When every published music or video is available on the web you will need tools to catalogue and find these files. With MPEG-7, for example, you can create a simple description of a multimedia file that can be used by search engines. In the future we will have new generations of search engines in which you will directly enter music or video sequences. Software will interpret the content and compare it to millions of files on the web, much as you do today for web pages. The cultural impact of that would be immense. I also see a great potential for Peer-to-Peer. It’s a wonderful system. If it is used to distribute contents legally, it will create new business opportunities.
B：My preferences are broad, but I wouldn’t say that I am an expert. I confess that my son is my mentor in this field.
Ladies and gentlemen,
This is not my first time at a Boao Forum for Asia event. In fact, I was one of the lucky ones to have witnessed the birth of the BFA back in the spring of 2002 in Boao, Hainan Province. I am glad to be back. I am also glad to see that the BFA is going strong—engaging governments, business, and civil society in dialogue on issues directly affecting Asia and its peoples.
Back when the BFA was born, another forum also came to life. Many of you may have heard of a forum called the Asia Cooperation Dialogue, or ACD for short. I spoke on this topic at the First BFA Annual Conference. There, I introduced the ACD as a unique ministerial-level forum that brings together, for the first time, all the sub-regions of Asia—from East Asia to South Asia to West Asia--in dialogue and cooperation. At that Conference, I proposed that the ACD and the BFA work closely together because they share the same goals of promoting cooperation and prosperity in Asia.
For this morning, I wish to share with you my thoughts on the prospects for Asia in the world economy. They are not new but they need to be emphasized. Number one: Asia’s dynamism is key to the world’s economic future. Number two: Asia’s diversity is an important strength for the region. Number three: Asia’s collaboration will be solidified if governments and business work together. Number four: Asia’s cooperation will enhance the region’s competitiveness. This is what I would like to call the “Asia Can Do” attitude.