Latest news with #25thEuropeanUnion-ChinaSummit
GMA Network
6 days ago
- Business
- GMA Network
China's Premier Li proposes global AI cooperation organization
Chinese Premier Li Qiang speaks during the EU-China Business Leaders Symposium, at the 25th European Union - China Summit in the Great Hall of the People, in Beijing, China, 24 July 2025. ANDRES MARTINEZ CASARES/Pool via REUTERS/File Photo SHANGHAI - Chinese Premier Li Qiang on Saturday proposed establishing an organization to foster global cooperation on artificial intelligence, calling on countries to coordinate on the development and security of the fast-evolving technology. Speaking at the opening of the annual World Artificial Intelligence Conference (WAIC) in Shanghai, Li called AI a new engine for growth, but adding that governance is fragmented and emphasizing the need for more coordination between countries to form a globally recognized framework for AI. The three-day event brings together industry leaders and policymakers at a time of escalating technological competition between China and the United States — the world's two largest economies — with AI emerging as a key battleground. "Currently, overall global AI governance is still fragmented. Countries have great differences particularly in terms of areas such as regulatory concepts, institutional rules," Li said. "We should strengthen coordination to form a global AI governance framework that has broad consensus as soon as possible," he said. Washington has imposed export restrictions on advanced technology to China, including the most high-end AI chips made by companies such as Nvidia and chipmaking equipment, citing concerns that the technology could enhance China's military capabilities. Despite these restrictions, China has continued making AI breakthroughs that have drawn close scrutiny from US officials. Li did not name the United States in his speech, but he warned that AI could become an "exclusive game" for a few countries and companies, and said challenges included an insufficient supply of AI chips and restrictions on talent exchange. China wanted to share its development experience and products with other countries, especially those in the Global South, Li said. WAIC is an annual government-sponsored event in Shanghai that typically attracts major industry players, government officials, researchers and investors. Tesla CEO Elon Musk, who has in past years regularly appeared at the opening ceremony both in-person and via video, did not speak this year. Besides forums, the conference also features exhibitions where companies demonstrate their latest innovations. This year, more than 800 companies are participating, showcasing more than 3,000 high-tech products, 40 large language models, 50 AI-powered devices and 60 intelligent robots, according to organizers. The exhibition features predominantly Chinese companies, including tech giants Huawei and Alibaba and startups such as humanoid robot maker Unitree. Western participants include Tesla, Alphabet and Amazon. —Reuters
&w=3840&q=100)
First Post
24-07-2025
- Business
- First Post
Brussels to Beijing: Xi gets his way in shifting China-EU summit, can he dictate terms too?
Even as Chinese President Xi Jinping succeeded in shifting the China-EU Summit from Brussels to Beijing, he may not get his entire wish list fulfilled as two sides continue to have some fundamental divergences, ranging from positions in ongoing trade talks and the Russian war on Ukraine. read more Chinese President Xi Jinping (4th-L) listens to President of the European Council Antonio Costa (2nd-R), in presence of President of the European Commission Ursula von der Leyen (3dr-R), and High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas (R) during the opening remarks of the 25th European Union-China Summit at the Great Hall of the People in Beijing on July 24, 2025. (Photo: Andres Martinez Casares/Pool/AFP) Chinese President Xi Jinping succeeded in moving the China-EU Summit from Brussels to Beijing, but he may not get his entire wish list fulfilled as the two sides remain divided on some fundamental issues. As Chinese and European Union (EU) leaders met in Beijing on Thursday, Xi called for the deepening of the relationship but EU chief Ursula von der Leyen said 'real solution' are needed to move past an inflect point, reflecting the issues that the bloc has with China. STORY CONTINUES BELOW THIS AD The EU has made it clear that it will not tolerate China's dumping of Chinese goods, such as cars, which it says have been made artificially cheaper with subsidies. The EU and Russia are also poles apart on the war in Ukraine — while the EU has supported Ukraine, China has puts its entire weight behind Russia. EU-China Summit goes off rails The summit was initially supposed to take place in April in Brussels, but China reportedly refused to attend it. The summit was therefore moved to Beijing. While the EU agreed to relocate the venue, it cancelled an economic and trade dialogue, which was intended to lay the groundwork for the summit, signalling mounting strains in diplomatic relations. The summit was also downgraded from a two-day meeting to a one-day affair. China & EU seek middle ground — but gaps remain Despite such confrontational behaviour, there are signs that the EU and China are seeking middle ground. In the EU-China relationship, trade tensions have taken centre stage as both sides have escalated rhetoric and protective measures. However, lately, China has dropped sanctions on EU policymakers and has offered major carveouts exempting French cognac makers from tariffs. Earlier this month, the two sides showed friendly sides during climate talks. However, trade tensions are far from over between the two and have rather been worsened by China's tricks to keep trade surplus and global tariff war. China has been pushing the EU to back off on tariffs, especially for electric vehicles, and the EU, on the other hand, has been firm on protecting its industrial base, particularly against the backdrop of its relationship with Trump. STORY CONTINUES BELOW THIS AD The sides are also divided on the Russian war on Ukraine and Vladimir Putin's aggression on Europe. While the EU has supported Ukraine and has sought a way to end the war that is respectable to Ukraine, China has supported Putin's war on Ukraine to the hilt. With such differences, major breakthroughs are not expected in the summit. China and EU may still reach a trade deal or some other agreement or commitment to improve relations, with a statement targeting Trump's disruptive policies. They may agree to fast-track critical minerals export licenses to the EU. A joint statement could be issued with the two sides agreeing to target their respective rivals, new and old.
