Chinese private enterprises are poised to ride the wave of artificial intelligence (AI) to enhance efficiency, transform their products, and better serve the public, according to Liu Yonghao, chairman of New Hope Group. In a recent interview with CGTN's Aaron Liu before the upcoming session, Liu emphasized that embracing AI is essential for sustained growth and expansion.
Looking ahead to 2024, China is intensifying the integration of technological and industrial innovation. Liu Jieyi, spokesperson for the 3rd session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), highlighted at a press conference that China is accelerating the development of a modernized industrial system. Notably, out of the World Economic Forum's list of 189 \"lighthouse factories\" globally, China boasts 79, with nearly half originating from traditional industries. This underscores China's commitment to blending established sectors with cutting-edge technology to drive economic progress.
By leveraging AI, Chinese private firms can not only improve their operational efficiencies but also innovate their product offerings to meet the evolving needs of consumers. This strategic move positions them to compete effectively on the global stage, fostering a robust and dynamic business environment.
Reference(s):
New Hope Group: Chinese private firms must arm themselves with AI
cgtn.com
