Beijing (ots/PRNewswire) – A report from China Daily:
China’s status as the world’s leading industrial powerhouse will become even more pronounced in the era of artificial intelligence (AI) as China’s artificial intelligence technology and the digitalization of its manufacturing industry continue to advance, business leaders and experts said on Friday.
They also said that the development of smart technologies in China will transform many industries and create more growth opportunities for companies at home and abroad.
They made the remarks at the “CEO: Grow with China” event, a roundtable jointly organized by China Daily, the Publicity Department of the Tianjin Municipal Committee of the Communist Party of China and the Tianjin Industrial and Information Technology Bureau.
The event is a side event of the ongoing World Intelligence Expo 2024, which opened in Tianjin on Thursday.
“AI technologies and (other) innovative technologies in China will move in the right direction,” said Rani Jarkas, chairman and chief executive of Cedrus Group, who expects China to take a leading role in the field by 2030 to 2035 .
“It is clear that alongside investments in capacity, we have also seen greater automation and the application of digital manufacturing techniques. And that’s what we’re seeing in our supply chain in China today,” said Julian MacCormac, regional director for Greater China at Rolls-Royce.
Wei Jianguo, China’s former vice minister of commerce, said the global manufacturing sector is currently being restructured. The sector is becoming more digital, smarter, lower carbon and offering higher quality services.
“It is foreseeable that digitalization will further advance China’s industrial modernization and intelligent manufacturing. The country is expected to make new contributions to global industrial progress and economic development,” said Zhao Zhongxiu, president of the University of International Business and Economics in Beijing.
Lan Jun, managing director of Agela & Phenomenex China, said that thanks to government support and market demand, China’s smart industry will play an increasingly important role on the global stage.
Business leaders and experts discussed in detail new models and driving forces for the development of smart industries and smart manufacturing in Tianjin at the roundtable. They believe that the city’s high-quality development will create more opportunities for Chinese and foreign companies.
Huang Yanxiang, co-founder and managing director of CarbonNewture, said Tianjin’s smart carbon-free port and low-carbon industrial parks are typical examples of integrating environmentally friendly practices and green technologies into production processes to increase competitiveness.
Cedrus Group recently launched a fund in Tianjin’s Binhai New Area to explore the potential for investment collaborations in the biomedical industry.
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