In a stunning display of tech prowess, the Chinese mainland is capturing global attention with its rapid AI advancements. During a recent visit to Beijing, Jensen Huang, CEO of U.S. tech giant Nvidia, emphasized, "AI is moving very fast in China," showcasing the nation’s race toward innovative excellence. 🚀
This momentum isn’t fleeting. Earlier this year, the AI startup Deepseek made headlines by outperforming established giants like Nvidia, triggering a sell-off in AI stocks. Alongside Deepseek, companies such as iFlytek, SenseTime, and DJI are redefining breakthroughs in facial recognition, voice recognition, and drone technologies.
The surge in these transformative sectors is a major pillar of China’s high-quality development strategy. At a recent briefing, Zheng Shanjie, head of the National Development and Reform Commission, highlighted how new industries and the "Artificial Intelligence+" initiative are accelerating progress. In 2024 alone, the AI-related economy achieved a value-added output of over 24 trillion yuan—around $3.3 trillion—comparable to the combined GDP of Beijing, Shanghai, and Guangdong. 💡
Innovation is the engine driving economic transformation. Yuan Da, secretary general of the NDRC, noted that these breakthroughs are the primary force behind high-quality growth. As the 14th Five-Year Plan (2021-2025) propels an average annual growth rate of 5.5%, projections estimate an economic boost of over 35 trillion yuan by 2025, signaling a vibrant future for tech and innovation across the Chinese mainland. 🌟
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How China promotes high-quality development in push for innovation
cgtn.com
