logo
Guangxi to expand AI cooperation with ASEAN

Guangxi to expand AI cooperation with ASEAN

Guangxi: China-ASEAN Expo to focus on AI
BEIJING, March 11, 2025 /PRNewswire/ -- A news report from chinadaily.com.cn:
As a frontier window between China and member countries of the Association of Southeast Asian Nations, the Guangxi Zhuang autonomous region has unique advantages for establishing a hub for artificial intelligence cooperation with ASEAN, which will inject momentum into the building of a China-ASEAN community with a shared future, said Chen Gang, Party secretary of Guangxi.
Not only is Guangxi located at a critical juncture between the huge market of China, which has 1.4 billion people, and that of ASEAN, which boasts a population of nearly 700 million, but it also has an abundant energy supply, a linguistic talent pool including those skilled in the languages of ASEAN countries, and favorable policies, Chen noted.
Therefore, the region is uniquely positioned to implement China's AI Capacity-Building Action Plan for Good and for All, and to conduct AI cooperation with ASEAN, Chen told China Daily on the sidelines of the two sessions, the annual gatherings in Beijing of the nation's top legislative and political advisory bodies.
'I think that in the future, it will not be AI that defeats humans, but those who utilize AI defeating those who do not,' said Chen, who is also a deputy to the National People's Congress, China's top legislature. 'The same applies to the development of an enterprise, a region and a country. Those who develop and apply AI first will lead the way.'
The China-ASEAN Information Harbor, a State-level digital open platform, has established 12 terrestrial optical cables linking Guangxi with ASEAN countries. The newly approved Nanning International Telecommunications Hub, which is scheduled to be operational by late this year, is expected to make Guangxi the fastest data transmission gateway to ASEAN, which can meet ASEAN countries' demand for AI data processing, Chen said.
The upgraded China-ASEAN Free Trade Area 3.0 now includes cooperation on the digital economy, while Guangxi's AI industrial fund of 10 billion yuan ($1.38 billion) was set up in February and multiple development zones are further bolstering cross-border innovation, Chen said.
He also noted that the region and ASEAN countries have engaged in deepened cooperation in trade, investment, people-to-people exchanges and education, and have accumulated a rich language database that can be used to train AI models.
Moreover, Guangxi has hosted the China-ASEAN Expo 21 times and the China-ASEAN AI Summit four times, with the 22nd China-ASEAN Expo, scheduled for September in Nanning, the region's capital, expected to focus on AI cooperation, he added.
Chen said that during a recent visit to Vietnam and Laos by a Guangxi delegation, which he led, the top leadership of the two ASEAN countries acknowledged the development progress of China's AI and said they looked forward to enhancing cooperation with China to develop AI models based on their own languages.
The delegation also signed landmark deals with Vietnam on cross-border logistics data flows and established the China-Laos AI Innovation Cooperation Center — the first such platform between China and ASEAN, Chen said.
Chen said there are four priorities for deepening AI collaboration.
The first priority is to attract leading Chinese and ASEAN AI enterprises to set up research and development centers in Nanning, in order to foster cross-border industrial synergy, he said.
Second, the region should aim to develop tailored AI applications for agriculture, healthcare, tourism and logistics in ASEAN markets, Chen said.
Third, an integrated industrial chain should be established that includes research and development in Beijing and Shanghai as well as Guangzhou and Shenzhen, Guangdong province; integration in Guangxi; and application in ASEAN, he said.
Fourth, the region will launch AI training programs for ASEAN officials, workers and students.
Through a multilayer cooperation mechanism established between Guangxi and ASEAN government institutions, enterprises, research institutes and the commerce sector, ASEAN countries can equally participate in and benefit from cutting-edge AI technology and standards, which will be conducive to further strengthening the two sides' political trust, Chen said.
Moreover, the China-ASEAN AI Innovation and Cooperation Center will cultivate AI talent to empower various industries and push for the inclusive development of AI and bring real benefits to the people, he added.
Zhang Li contributed to this story.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

TotalEnergies to Collaborate with Mistral AI to Increase the Application of Artificial Intelligence in its Multi-Energy Strategy
TotalEnergies to Collaborate with Mistral AI to Increase the Application of Artificial Intelligence in its Multi-Energy Strategy

Yahoo

time32 minutes ago

  • Yahoo

TotalEnergies to Collaborate with Mistral AI to Increase the Application of Artificial Intelligence in its Multi-Energy Strategy

TotalEnergies and the French company Mistral AI are joining forces to extend the use of AI in improving TotalEnergies' activities' performance, especially in low-carbon energies. The partners are to set up a joint innovation lab focused on artificial intelligence. PARIS, June 12, 2025--(BUSINESS WIRE)-- TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and the French company Mistral AI are announcing a collaboration to accelerate artificial intelligence (AI) innovation in support of the Company's multi-energy strategy, especially in low-carbon energies. A shared AI innovation lab Under the terms of the partnership, a joint innovation lab will be set up, staffed by teams from both companies. Mistral AI will contribute its AI technologies and TotalEnergies will contribute its expertise in the production of energy, particularly renewable, low carbon energy, in order to test and design advanced digital solutions. The first use cases will allow the Company to: design an assistant for its 1,000 researchers to support them in their mission to develop new energies and reduce the Company's environmental footprint; develop decision-support solutions to enhance the performance of its industrial assets and lower its CO₂ emissions. implement support solutions aimed at improving the customer experience and helping them save energy. The lab will also test digital solutions for other use cases, especially renewable energy production. In view of the issue of digital sovereignty in Europe, the partners will jointly examine opportunities for TotalEnergies to adopt AI infrastructure. TotalEnergies and AI, a major pillar of its technological ambition The deal reflects TotalEnergies' decision to leverage digital technology and artificial intelligence to improve performance at its industrial facilities and support its transition. In the past, TotalEnergies has mainly used artificial intelligence in earth science and to improve predictive maintenance or detect any issues with the machinery in its facilities. AI now plays a vital role for the Company, helping develop new opportunities, especially in the production of renewables, reduction of CO2 emissions and the development of innovative services that allow its customers to control and optimize their energy use. TotalEnergies' Digital Factory, which is celebrating its fifth anniversary this year, has 300 developers, data scientists and other digital experts, and has already developed over a hundred solutions, sixty of which harness technologies ranging from machine learning to generative AI. "We are delighted to work with Mistral AI, a leading French player in artificial intelligence. This deal reflects our intention to contribute to the emergence of a technological ecosystem in Europe, and will allow us to explore new opportunities to further embed AI into our activities. AI has huge potential to transform energy systems, and this partnership was motivated by our pioneering spirit and ongoing search for innovation," said Patrick Pouyanné, Chairman and CEO of TotalEnergies. "This partnership illustrates the positive impact generative AI can have on a sector as strategic as that of TotalEnergies. By dedicating our AI solutions and experts to the R&D effort, the operational teams and, ultimately, the Company's customers, we are contributing to improved operations and the digital transition of this global energy giant," said Arthur Mensch, Chief Executive Officer at Mistral AI. About Mistral AI Mistral AI is a pioneer company in generative artificial intelligence, empowering the world with the tools to build and benefit from the most transformative technology of our time. The company democratizes AI through high-performance, optimized, and cutting-edge open-source models, products and solutions. Headquartered in France and independent, Mistral AI defends a decentralized and transparent approach to technology, with a strong global presence in the United States, United Kingdom, and Singapore. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. X @TotalEnergies LinkedIn TotalEnergies Facebook TotalEnergies Instagram TotalEnergies Cautionary Note The terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). TotalEnergies Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Relations Investisseurs : +33 (0)1 47 44 46 46 l ir@ View source version on Contacts TotalEnergies Sign in to access your portfolio

Exploring CSSC Hong Kong Shipping And 2 Other Promising Small Caps In Asia
Exploring CSSC Hong Kong Shipping And 2 Other Promising Small Caps In Asia

Yahoo

time44 minutes ago

  • Yahoo

Exploring CSSC Hong Kong Shipping And 2 Other Promising Small Caps In Asia

As the global markets experience a mix of economic signals, with small-cap stocks in the U.S. showing resilience and leading gains, Asian markets are navigating through their own unique challenges and opportunities. Amidst these dynamics, investors often seek out smaller companies that demonstrate robust fundamentals and potential for growth, making them compelling candidates for further exploration in the diverse landscape of Asia's market. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Advancetek EnterpriseLtd 43.92% 38.91% 59.75% ★★★★★★ Shandong Sinoglory Health Food 1.80% 2.21% 5.77% ★★★★★★ Xiangyang Changyuandonggu Industry 35.39% 2.07% -13.74% ★★★★★★ Tohoku Steel NA 5.34% -2.26% ★★★★★★ Shenzhen Chengtian Weiye Technology NA 0.96% -23.07% ★★★★★★ Taiyo KagakuLtd 0.69% 5.32% -0.36% ★★★★★☆ Chongqing Machinery & Electric 25.60% 7.97% 18.73% ★★★★★☆ DorightLtd 5.31% 15.47% 9.44% ★★★★★☆ Sinomag Technology 68.80% 16.08% 3.66% ★★★★☆☆ Zhejiang Risun Intelligent TechnologyLtd 27.20% 20.30% -23.01% ★★★★☆☆ Click here to see the full list of 2614 stocks from our Asian Undiscovered Gems With Strong Fundamentals screener. Let's explore several standout options from the results in the screener. Simply Wall St Value Rating: ★★★★☆☆ Overview: CSSC (Hong Kong) Shipping Company Limited functions as a shipyard-affiliated leasing company with operations across the People's Republic of China, Asia, the United States, and Europe, and has a market capitalization of approximately HK$12.76 billion. Operations: The company's primary revenue streams include operating lease services at HK$2.24 billion and finance lease services at HK$1.22 billion, supplemented by loan borrowings and shipbroking services. Operating leases contribute significantly to the overall revenue structure. CSSC Shipping, a relatively smaller player in the shipping industry, has shown promising growth with earnings rising 10.7% last year, outpacing the broader Diversified Financial sector's 1.2%. The company's debt to equity ratio improved from 220% to 195.2% over five years, yet it still carries a high net debt to equity ratio of 176.8%. Trading at an attractive value—18.2% below estimated fair value—it also reported net income of HK$2.11 billion for 2024 compared to HK$1.90 billion previously, reflecting strong financial performance and potential for future growth despite its high leverage position. Navigate through the intricacies of CSSC (Hong Kong) Shipping with our comprehensive health report here. Gain insights into CSSC (Hong Kong) Shipping's historical performance by reviewing our past performance report. Simply Wall St Value Rating: ★★★★★★ Overview: Shenzhen JPT Opto-Electronics Co., Ltd. focuses on the R&D, production, sale, and technical services of laser and optical devices with a market cap of CN¥5.53 billion. Operations: JPT Opto-Electronics generates revenue primarily from its Computer Communications and Other Electronic Equipment segment, amounting to CN¥1.54 billion. Shenzhen JPT Opto-Electronics, a dynamic player in the electronics sector, has been making waves with its impressive earnings growth of 37.7% over the past year, outpacing the industry average of 2.7%. The company reported Q1 2025 revenue at CNY 342.86 million, up from CNY 255.73 million a year prior, while net income rose to CNY 36.05 million from CNY 26.29 million. With a price-to-earnings ratio of 38.9x below the industry norm and a robust debt-to-equity reduction from 8.3% to just under one over five years, it presents an intriguing investment case amidst market volatility. Get an in-depth perspective on Shenzhen JPT Opto-Electronics' performance by reading our health report here. Review our historical performance report to gain insights into Shenzhen JPT Opto-Electronics''s past performance. Simply Wall St Value Rating: ★★★★☆☆ Overview: Anhui Huilong Agricultural Means of Production Co., Ltd. operates in the agricultural sector, focusing on the distribution and sale of agricultural materials, with a market cap of CN¥6.24 billion. Operations: Anhui Huilong generates its revenue primarily through the distribution and sale of agricultural materials. The company's net profit margin reflects its efficiency in managing costs relative to its revenue, offering insight into profitability trends. Anhui Huilong, a relatively small player in its sector, has shown a mixed financial picture recently. Earnings surged by 372% over the past year, outpacing the industry's growth. However, this was partly due to a one-off gain of ¥55.7M impacting recent results. The company reported first-quarter sales of ¥3.66 billion compared to last year's ¥3.80 billion and net income at ¥81.86 million versus ¥110.5 million previously, reflecting some challenges in maintaining consistent revenue streams amid declining earnings over five years by 16% annually. Despite these fluctuations, it remains free cash flow positive with interest payments well covered at 14 times EBIT. Dive into the specifics of Anhui Huilong Agricultural Means of ProductionLtd here with our thorough health report. Examine Anhui Huilong Agricultural Means of ProductionLtd's past performance report to understand how it has performed in the past. Delve into our full catalog of 2614 Asian Undiscovered Gems With Strong Fundamentals here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:3877 SHSE:688025 and SZSE:002556. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store