Latest news with #AIPlus
Ammon
19-05-2025
- Business
- Ammon
China releases plan to advance Digital China development
Ammon News - China has released a 2025 action plan to build a Digital China, outlining key initiatives in areas such as "AI Plus," infrastructure upgrades, the data industry and digital talent development, the National Data Administration said on Friday. The plan calls for the promotion of the market-oriented reform of data resource allocation, for the accelerated development of a unified national data market, for the promotion of a data-driven digital economy tailored to local conditions, and for the comprehensive enhancement of the overall level of Digital China development. By the end of 2025, China aims to achieve major progress in building a Digital China, with the continuous expansion of new quality productive forces in the digital industry, as well as significant improvements in the quality and efficiency of digital economic development, according to the plan. The plan also aims for the added value of core digital economy industries to contribute over 10 percent of the country's gross domestic product, and sets goals for steady progress in building a unified data factor market, and for computing power to be increased to over 300 EFLOPS. It outlines eight major areas for action, including institutional innovation, local brand development and "AI Plus" application. China's digital industry generated a revenue of 8.5 trillion yuan (about 1.18 trillion U.S. dollars) in the first quarter of this year, up 9.4 percent year on year, according to data from the Ministry of Industry and Information Technology on Friday. This year's government work report noted that the country will "accelerate the digitalization of manufacturing, foster a number of service providers with both industry expertise and digital know-how, and bolster support for the digital transformation of small and medium-sized enterprises." Xinhua
Al Etihad
19-05-2025
- Business
- Al Etihad
China announces Digital China development plan
19 May 2025 10:45 BEIJING (XINHUA)China has released a 2025 action plan to build a Digital China, outlining key initiatives like a programme called 'AI Plus', infrastructure upgrades, data industry boosts, and talent development National Data Administration announced that the plan calls for the promotion of the market-oriented reform of data resource allocation, alongside the accelerated development of a unified national data market, the promotion of a data-driven digital economy tailored to local conditions, and the comprehensive enhancement of the overall level of digital the end of 2025, China aims to achieve major progress in building a Digital China, with the continuous expansion of quality productive forces in the digital industry, as well as significant improvements in the quality and efficiency of digital economic development. The plan also aims for the added value of core digital economy industries to contribute over 10 percent of the country's gross domestic product, and sets goals for steady progress in building a unified data factor market, with computing power to be increased to over 300 one quintillion floating-point operations a second. The initiative outlines eight major areas for action, including institutional innovation, local brand development and AI Plus digital industry generated a revenue of 8.5 trillion yuan (about $1.18 trillion) in the first quarter of this year, up 9.4 percent year-on-year, according to data from the Ministry of Industry and Information Technology. This year's government work report noted that the country will "accelerate the digitalisation of manufacturing, foster a number of service providers with both industry expertise and digital know-how, and bolster support for the digital transformation of small and medium-sized enterprises."
IOL News
10-05-2025
- Business
- IOL News
Xi chairs CPC leadership meeting to analyze economic situation, work
Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, presided over a meeting to analyze and study the current economic situation and economic work. Image: FILE The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on Friday to analyze and study the current economic situation and economic work. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting. It was noted at the meeting that the country has seen its economy improve this year, with public confidence continuously boosted and solid progress made in high-quality development. However, the foundation for the country's sustained economic recovery needs to be further consolidated, and the country faces increasing impact from external shocks, the meeting said. The meeting urged preparing for worst-case scenarios with sufficient planning and taking concrete steps to do a good job in economic work. The meeting noted that it is imperative to coordinate domestic economic work and endeavors in the international economic and trade field, unswervingly manage the country's affairs well, stay committed to expanding high-standard opening up, focus on keeping employment, businesses, markets and expectations stable, and deal with the uncertainty of drastic changes in the external environment with the certainty of the country's high-quality development. The meeting called for efforts to accelerate the implementation of more proactive and effective macro policies and make full use of a more proactive fiscal policy and a moderately loose monetary policy. Key measures include quickening the issuance and utilization of local government special-purpose bonds and ultra-long special treasury bonds and timely cuts in the reserve requirement ratios and interest rates to ensure ample liquidity and stronger support for the real economy, according to the meeting. New structural monetary policy instruments and policy-based financial instruments will be established to foster technological innovation, expand consumption and keep foreign trade stable. Efforts will be made to increase the earnings of low- and middle-income groups and boost service consumption to strengthen the role of consumption in driving economic growth, the meeting said. The meeting called for a swift removal of restrictive measures in the consumption sector and proposed to introduce a re-lending facility for service consumption and elderly care. To aid businesses facing challenges, the meeting urged a multi-pronged approach, including stronger financial support and accelerating integration between domestic and foreign trade development. Work will be done to cultivate new pillar industries, introduce a "sci-tech board" in the bond market and speed up the implementation of the AI Plus initiative, according to the meeting. The meeting emphasized that China should stay committed to deepening reform and opening up to solve the problems in the course of development.'
Associated Press
14-03-2025
- Business
- Associated Press
China's opening-up embraces inclusiveness, delivers global collective goods
03/13/2025, Beijing, China // KISS PR Brand Story PressWire // The two sessions are not only a major political event in China but also a key window for the world to observe the country's democratic politics and development trajectory. This year, as in years past, the event has captured considerable global attention, highlighting China's ongoing development and its implications for the world stage. In the 'Unraveling the allure of China' series, the Global Times (GT) invites experts and scholars from around the world to delve into the multifaceted allure of China and explore how the lessons drawn from its unique experiences can provide valuable insights for other nations. This year's Chinese government work report proposed to 'expand higher-standard opening up and stabilize foreign trade and investment.' In the seventh installment of the series, Oleg Timofeev (Timofeev), associate professor at the Peoples' Friendship University of Russia, talked with GT reporter Xia Wenxin to share his thoughts on China's opening-up policy and its impact on global development, especially that of Russia and Eurasia. GT: What, in your opinion, is the significance of this year's two sessions? What topics are you most interested in? Timofeev: Contrary to slowdown forecasts by certain Western naysayers, the Chinese economy is well-positioned to sustain its recovery and maintain steady growth this year. Being one of the economic superpowers, China is making efforts to ride this trend with great success. During the two sessions, fresh efforts have developed new quality productive forces through measures of scientific and technological innovation. Recently, China's high-tech startups DeepSeek and Unitree Robotics have caught attention around the world and highlighted China's technological progress. Moreover, in 2024, China launched the AI Plus initiative, which implies wider use of AI in various sectors of industry and building digital industry clusters with international competitiveness. It is widely expressed that China's AI Plus initiative, big data application and other programs, which integrate technological and industrial development, will generate new sources of growth for the Chinese economy. GT: What are your expectations for China's implementation and promotion efforts regarding opening-up this year? Are you confident about the overall prospects of China's opening-up policy? Timofeev: The third plenary session of the 20th Central Committee of the Communist Party of China, held in July last year, along with the Central Economic Work Conference in December and the meeting of the Political Bureau of the CPC Central Committee on February 28, clearly emphasized the need to expand institutional opening-up as a key task of economic work in 2025. This deployment is not only a new trend of high-quality economic development, but also a major step to respond to the turbulence in international relations, unilateral sanctions and trade wars imposed by Western countries. The unique characteristics of China's opening-up policy are its inclusiveness and its provision of global collective goods. Unlike Western nations, China is widely sharing its achievements, even in the most sensitive high-tech and AI sectors. Through its opening-up policy, China is making efforts to promote multilateralism around the world. It is participating in institutions, such as the Regional Comprehensive Economic Partnership, while also actively seeking to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Digital Economy Partnership Agreement and other multilateral institutions launched with the participation of some Western states. China's interest in multilateral cooperation underlines its desire to actively participate in the formation of the new international order of global economic governance. The two sessions this year exerts an active and responsible influence on the formulation of new international norms and will adapt them to the conditions of the new international situation. Traditional trade rules mainly focus on border measures such as tariffs and non-tariff measures. As Chinese economists point out, a new generation of economic and trade rules extends beyond border measures - such as tariffs and trade facilitation - to post-border measures, including environmental standards, labor protection and intellectual property rights. Promoting these goals would contribute to strengthening China's institutional rights in the international arena. GT: In your opinion, what impact has China's opening-up policy had on China-Russia relations and the development of the Russian economy and society? Timofeev: Cooperation with China promotes irreplaceable opportunities for Russia. First of all, it alleviates the consequences of Western sanctions on Russia's economy. In the past three years, China has taken a leading position in the Russian market of cars, smartphones, electronic devices and construction equipment with a significant export growth rate. Many Chinese banks established their presence in Russia, among them are large-scale financial institutions, while some major Russian banks are also operating in China. Within several months since the imposition of Western sanctions against Russia, the renminbi has surpassed the US dollar and the euro as the primary currency for trade between the two parties, strengthening its position as the most exchanged currency on the Moscow stock exchange. Furthermore, the Russia-China economic cooperation in the new era of expanding high-level opening-up policy has involved some megaprojects, especially in the energy sector. One of the latest examples is the Amur Gas Chemical Complex, a joint venture between Russia's leading polymer and rubber manufacturer SIBUR and China's energy and chemical giant Sinopec. After its full commissioning, the plant will become a leading producer of basic polymers in the world and the industrial capacity of the complex will be 2.7 million metric tons a year. Russian business structures are waiting for further development of China's opening-up strategy. For instance, Russian consumers of China-made cars and electronic equipment need Chinese service centers to be more efficient. Under quid pro quo conditions, Russian energy giants Gazprom and Rosneft are planning to get access to more of China's market. GT: China views the Eurasian region as a key area for its opening-up. What are your thoughts on the potential of projects such as the Ice Silk Road and the China-Mongolia-Russia Economic Corridor? Timofeev: China's trade with Russia grew by almost 3 percent in 2024, reaching $237 billion. In my opinion, in the near future, the two parties' attention will be focused on the problems of mutual investment and multilateral transport and logistic infrastructure. In the latter field, the so-called Ice Silk Road project is of special interest. Both Russia, a traditional multi-century littoral power, and China, positioning itself as a rising near-Arctic stakeholder, are increasingly interested in the joint development of the Northern Sea Route. The interest is driven by the expanding shipping opportunities due to increased accessibility of polar waters, as well as the need to address the US' recent efforts to turn the Arctic into a region of an arms race. While Russia and China may have disagreements regarding issues such as the organization of icebreaker fleets in the region, these differences can likely be resolved through joint political will. The China-Mongolia-Russia Economic Corridor could bring even more benefits to economic multilateralism in Eurasia since it provides more prospective logistics of the routes connecting Asia and Europe. This article first appeared in the Global Times: Contact Person: Anna Li Email: [email protected] Website: City: Beijing Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Korea Herald
24-02-2025
- Business
- Korea Herald
Telecom carriers to showcase AI innovations at MWC 2025
South Korea's three major mobile carriers -- SK Telecom, KT Corp. and LG Uplus -- are set to compete in artificial intelligence innovations at the Mobile World Congress 2025, the world's largest telecom exhibition, scheduled to take place in Barcelona, Spain, March 3-6. This year's MWC theme is "Converge, Connect, Create,' according to industry sources Monday. The theme reflects the industry's commitment to integrating and connecting diverse mobile technologies through AI to create next-generation solutions. Key exhibition topics include Fifth-generation Inside, Connect X, AI Plus, Enterprise re-invented, Game Changers and Our Digital DNA, outlining the future of the mobile industry. Until last year, only SK Telecom and KT had showrooms at MWC. However, LG Uplus will establish a dedicated booth for the first time this year, demonstrating its commitment to AI competition. Chief executive officers from all three carriers -- Ryu Young-sang of SK Telecom, Kim Young-shub of KT and Hong Bum-shik of LG Uplus -- will be present at the event, unveiling their visions for AI transformation while fostering collaboration with global tech giants. SK will present its innovations under the theme "Innovative AI, Accelerating the Future." The company will showcase AI-enhanced telecom services, AI data center solutions and autonomous robots, highlighting its industry applications. A key focus will be its AI data center solutions, featuring integrated technologies related to memory and security. Additionally, it will set up a dedicated area highlighting AI semiconductor technologies developed under the SK Group umbrella. This space will feature cutting-edge products such as SK hynix's fifth-generation HBM3E chips and high-performance solid-state drives for data centers, alongside AI inference-optimized neural processing unit technologies from Rebellions, a company strategically backed by SK Telecom. As a board member of the GSMA, the global association organizing MWC, KT will actively participate in discussions on telecom and network policy. The company will introduce the "K-Office" concept, modeled after its Seoul office building, to demonstrate its Korea-specific AI solutions for improving work efficiency. Attendees can experience firsthand AI-powered solutions for market analysis, GPU allocation, carbon emission tracking and customer service optimization. KT will also host a startup booth, showcasing innovations from partner startups in future networks and 5G precision positioning technologies. LG will mark its first-ever solo exhibition at MWC25, centering on "Trustworthy Intelligence." The company will unveil AI-driven solutions with enhanced security, including its AI agent ixi O. the telecom-specialized AI model ixi-GEN and anti-deep voice, a technology designed to detect deepfake voices and prevent voice phishing scams. The company will also introduce ixi Future Ville, an installation showcasing AI-driven lifestyle transformations. This exhibition will illustrate how LG Uplus' AI technology, ixi, helps customers navigate daily challenges while fostering a more sustainable future.
