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DAVOS, Switzerland - With globalization 4.0, namely, a new wave of globalization in a digital world, more focus will be shifted from business benefits to social value, a senior executive from China's Huawei Technologies said Tuesday.

Currently, about half of China's 1.3 billion citizens reside in rural areas. The setup of the business unit is in line with the country's broader vision of total poverty eradication by 2020. Encouraging self-development and empowerment of poorer populations through novel measures has been proven to be an effective approach, according to experts.

DEF CON, founded by Jeff Moss in 1993, is the top international conference among the security industry. The conference attracts 25,000 people every year and security experts from all over the world come together to exchange ideas and share the latest security trends with each other.

Currently, about 10 percent of Kilikanoon's total production is sold to China. This figure is expected to reach 50 percent as production increases.

Currently, the region has 74 county-level folk art troupes, compared with 51 in 2012, the region's cultural authorities said Monday.