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Chinese Firms Urged to Embrace AI for Growth 🚀

Chinese private enterprises should charge headfirst into the AI revolution to stay competitive, says Liu Yonghao, chairman of New Hope Group and member of the Chinese People's Political Consultative Conference (CPPCC). In a pre-session interview with CGTN, he highlighted AI as a make-or-break tool for boosting efficiency, reshaping products, and meeting public demand. 🧠💡

📈 'Private businesses must ride this wave of tech innovation to thrive,' Liu emphasized, framing AI as essential for long-term success in China's evolving economy.

This call aligns with China's 2024 push to merge tech and industrial innovation, as noted by CPPCC spokesperson Liu Jieyi. 🌏🔧 The country now hosts 79 of the World Economic Forum's 189 global 'lighthouse factories'—smart manufacturing hubs—with nearly half rooted in traditional sectors. Think textiles, machinery, and agriculture getting futuristic upgrades! 🤖🏭

💥 Key takeaways:

  • AI adoption = survival strategy for private firms
  • China's industrial overhaul leans heavily on legacy industries
  • Global recognition via 'lighthouse factories' signals tech maturity

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