Latest news with #LouQinjian
Zawya
07-03-2025
- Business
- Zawya
China pushes ahead with Belt and Road projects amid chaotic geopolitics
China has vowed to maintain partnerships with Africa and the rest of the Global South to further its Belt and Road projects despite the shaky geopolitical order. A spokesperson for the National People's Congress (NPC), China's top legislature, said on Tuesday that China will not abandon projects under the Belt and Road Initiative, seeing infrastructure investment as a way to end global poverty and tensions. Lou Qinjian, the spokesperson for the third session of the 14th NPC said 'world peace and development still face severe challenges," but China was committed to promote and accelerate 'the implementation of the three global initiatives – namely the Global Development Initiative, the Global Security Initiative and the Global Civilisation Initiative.'He was speaking ahead of China's annual NPC, which brings together the legislature and the and the advisory body, the National Committee of the Chinese People's Political Consultative Conference (CPPCC). The week-long meeting is attended by some 3,000 delegates from autonomous regions, provinces, municipalities and the armed forces. This year's meeting is expected to set China's development agenda, including foreign policy and development priorities. Under President Xi Jinping, Beijing has often seen economic development as a precursor to peace and security. In 2021, for example, Beijing launched a programme known as the Global Development Initiative, which it tied to the UN Sustainable Development Goals, and which aims to 'revitalise global development partnership and promote stronger, greener and healthier global development,' according to a UN document. Beijing, the official said, will continue to pursue a consensus-based approach to development, engaging only when invited and based on local decision makers. Part of this initiative is also linked to the so-called Global Security Initiative, where China says the world should address security challenges with 'dialogue over confrontation.'But China's Belt and Road Initiative, launched a decade ago to build connective infrastructure to improve trade, has often been challenged, either by rivals in the West or by conflict. In Africa, the initiative covers almost the entire continent, with the exception of eSwatini. It includes 12 countries in eastern Africa, including Kenya, Tanzania, Uganda, DR Congo, Ethiopia and Djibouti, and seeks to link ports, railways and road networks. But the region has been plagued by insecurity in recent years, posing a challenge to the projects. Tanzania, Burundi sign deal with China to build nickel-carrying SGRAnd despite criticism of the debt generated by some of the projects, Mr Lou said China 'is doing all it can to provide development assistance to more than 160 countries, partnering with over 150 countries and more than 30 international organisations to jointly build the Belt and Road Initiative. 'China still sees itself as a developing country, even though its economy is the second largest in the world. It is using this analogy to forge ties with the Global South – the countries in Africa, Asia and Latin America, whose economies are still developing.'China will always be a participant and advocate of South-South cooperation," he added. But he also noted that China will build strong ties with the developed world as well, as long as there is mutual respect. © Copyright 2022 Nation Media Group. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
05-03-2025
- Business
- Yahoo
Amazon.com, Inc. (AMZN) Launches Palm Scan Technology at NYU Langone Health for Faster Check-Ins
We recently published a list of . In this article, we are going to take a look at where Inc. (NASDAQ:AMZN) stands against other Wall Street's top AI stocks to watch right now. According to a spokesperson for China's parliament, DeepSeek's progress is a reflection of the rise of Chinese companies in artificial intelligence (AI). Lou Qinjian, responding to a question on China's progress in AI, has deemed DeepSeek's achievement as 'commendable', Reuters reported. 'DeepSeek adheres to an open-source approach and promotes the widespread application of AI technology globally which contributes Chinese wisdom to the world. Through the rise of companies like DeepSeek, we can see the innovation and inclusiveness of China's technological development.' READ NOW: and Indeed, DeepSeek has sparked a state of unrest in the tech world ever since its arrival. Using distillation to achieve cheaper and more efficient AI models, this AI startup has ignited a fierce race in the artificial intelligence world ever since the birth of ChatGPT. Such has been the intensity of competition that in recent news, it has come to light how Tencent Holdings has displaced DeepSeek as the most downloaded free app in China's iOS App Store. Tencent's Yuanbao has taken the top spot in the free app list on Monday, with DeepSeek in second place and ByteDance's Doubao in fourth, the South China Morning Post noted. Launched in May last year, Yuanbao gained popularity after Tencent's move to integrate DeepSeek's R1 reasoning model in February, providing users with an alternative to the tech giants' Hunyuan model. Developments like these illustrate how intense the global race in artificial intelligence is becoming. In this regard, China's ambassador to the United States Xie Feng has even called for closer cooperation on artificial intelligence. According to him, the technology risks are 'opening a Pandora's box'. 'As the new round of scientific and technological revolution and industrial transformation is unfolding, what we need is not a technological blockade, [but] 'deep seeking' for human progress.' For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A customer entering an internet retail store, illustrating the convenience of online Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. On March 3rd, the company announced that patients at NYU Langone Health facilities will be able to confirm their identity at check-in using Amazon One, a contactless service that uses a palm scan to securely and quickly authenticate identity, starting next week. This will be the largest Amazon One third-party deployment to date as well as the first Amazon One deployment in a health care setting. Amazon One's palm scanning technology employs advanced artificial intelligence and machine learning to create a unique palm signature for identity and authentication. It has a 99.9999% accuracy rate and recognition time of less than one second. According to NYU Langone, the technology will help to accelerate sign-ins, relieve administrative strain on staff, and reduce errors and wait times. 'Health care is deeply personal and often stressful. With Amazon One, we've created a palm recognition system that respects privacy while making check-ins simpler when patients have more important things on their minds. It's meaningful to see our technology make a real difference in people's daily lives and provide a more frictionless health care journey without ever compromising on security or patient trust.' Overall, AMZN ranks 1st on our list of Wall Street's top AI stocks to watch right now. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey.
South China Morning Post
04-03-2025
- Business
- South China Morning Post
Hong Kong's global gateway role ‘irreplaceable', nation's top legislature says
China's top legislature has recognised Hong Kong's 'irreplaceable' role as the country's gateway to the world, pledging to conduct more studies to promote future Greater Bay Area development. Advertisement Lou Qinjian, spokesman for the National People's Congress (NPC), said on Tuesday that the central government would offer more support for Hong Kong and Macau's participation in the development of the bay area. 'Hong Kong, Macau have been an important window for our country's opening up. They have unique positions and made significant contributions in the more than 40 years of reform and opening up. Their roles are irreplaceable,' he said. The bay area, a national development blueprint that draws Hong Kong with Macau and nine Guangdong cities to become a new economic powerhouse, will mark its sixth anniversary this year. Lou said the bay area had enjoyed continued improvement in infrastructure connectivity, policy alignment and people-to-people bonding. Advertisement He stated that the area's total economic output had climbed to over 14 trillion yuan (US$1.9 trillion) in the past five years, with the 'one-hour living circle' evolving from vision to reality as the flow of goods, capital and people become more convenient.
South China Morning Post
04-03-2025
- Business
- South China Morning Post
AI should not be just for ‘rich countries and the wealthy', Chinese official says
Technological innovation in fields such as artificial intelligence should not be just for 'rich countries and the wealthy' but open to all, the spokesman for China's top legislature said on Tuesday. Advertisement Lou Qinjian made the remarks at a briefing in Beijing ahead of the start of the annual National People's Congress on Wednesday. Asked by foreign media how AI could help stabilise the economy, Lou pointed to the new Chinese chatbot DeepSeek , saying it showcased the country's 'innovation and inclusivity' in technology development, and that China had contributed its 'wisdom to the world'. 'China will help bridge the technological divide and prevent technological innovation from becoming a game for the rich countries and the wealthy,' Lou said, later noting that he had studied computer science and had a keen interest in AI. The development and regulation of the emerging technology is expected to be a key topic at this year's ' two sessions ' political gatherings after Hangzhou-based start-up DeepSeek stunned the global tech world in January with its open-source AI models that are comparable to the US rivals. Advertisement DeepSeek was built at a low cost compared to the US AI-powered chatbots, and some say it has proven Washington's hi-tech curbs on China were ineffective.
Yahoo
04-03-2025
- Business
- Yahoo
The top issues for China's legislature are likely to be the economy and AI
BEIJING (AP) — Harnessing the power of artificial intelligence and shoring up the economy are among the issues expected to top the agenda when China's legislature meets Wednesday in Beijing. Almost 2,900 delegates have arrived in Beijing for the annual session of the largely rubber-stamp parliament, the National People's Congress. Concomitantly, an advisory body of business leaders, athletes and academics, the Chinese People's Political Consultative Conference, convened Tuesday. The two bodies' concurrent meetings are known as the Two Sessions. The weeklong parliamentary session, though largely ceremonial, helps to signal government priorities for the year. Premier Li Qiang is expected to announce an economic growth target of around 5%, in line with the past couple of years. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. The meetings come as China's economy struggles with sluggish consumption, a lengthy property crisis, ballooning government debt and a possible renewed trade war with the United States. On Tuesday, Beijing announced additional tariffs of up to 15% on imports on U.S. farm products including chicken, pork, soy and beef. The move came in retaliation for an increase in flat U.S. tariffs on Chinese products – from 10% to 20% – that came in effect at the same time. 'Undoubtedly, the adverse impacts brought by the external environment have deepened, and China's economy still faces some difficulties and challenges,' said Lou Qinjian, spokesman for the National People's Congress in a news conference ahead of the session. 'Internationally, rising economic and political uncertainties make it harder to stabilize external demand. Domestically, demand is insufficient, and some enterprises are experiencing operational difficulties,' he added. The government is expected to announce some measures to boost consumption such as increasing the deficit ratio from 3% to 4%, though massive stimulus is unlikely. Harnessing the power of artificial intelligence may also feature in policy announcements. Lou described China's breakthrough DeepSeek AI model, unveiled earlier this year, as an example of the country's 'innovative and inclusive approach to technology.' The delegates are also set to review a law aimed at improving market conditions for private enterprises, as part of the government's wider effort to signal support for the public sector to shore up growth. Chinese President Xi Jinping met in February with business leaders, including Alibaba founder Jack Ma and Huawei CEO Ren Zhengfei, signaling support at the highest level of leadership. 'Xi realizes he needs the private sector to keep his underlying priorities chugging along,' said Neil Thomas, a fellow on Chinese politics at the Asia Society Policy Institute. 'Improving China's innovation capabilities, improving China's technological self-reliance - the private sector is pretty good at this stuff, and Xi wants to harness rather than set free the private sector energy to achieve these goals.' Beijing is also expected to unveil its defense budget for 2025. Last year, China announced a 7.2% increase in its defense budget, which is the world's second-highest behind the United States'. ___ Associated Press writer Ken Moritsugu contributed to this report.
