China's road logistics price index went up slightly in October as the market demand for road freight transport expanded, industry data showed on Wednesday.
The index came in at 105.1 in October, up 0.65 percent from the previous month, according to the data from the China Federation of Logistics and Purchasing (CFLP).
The sub-index for full-truckload logistics, which mainly measures bulk commodity and regional transportation, went up 0.68 percent from the previous month and climbed 1.48 percent year on year, according to the data.
The CFLP attributed the growth of the index to the overall improvement in economic performance and the positive impact of policy measures, noting that the recovery in market demand, combined with the traditional peak production season, will further support continued growth of the index.
China's road logistics price index rises slightly in Oct
Artificial intelligence (AI) technology has become a core driving force in advancing new industrialization which, in turn, could propel AI to achieve further breakthroughs, said the experts at a sub-forum of the Hongqiao International Economic Forum in Shanghai on Tuesday.
At the sub-forum on AI empowering new industrialization, experts from both home and abroad shared their insights on the role of AI in advancing new industrialization.
They believe that the integration of AI with advanced manufacturing technologies is bringing significant transformations to the methods and practices within the manufacturing sector.
According to the attendees, AI technology has the potential to push for industrial transformation, stimulate economic growth, and improve people's quality of life.
"While AI has become a driving force, it still needs to overcome technological challenges to meet the many demands of the industrial sector. The relationship between the two is mutually reinforcing: the challenges presented by the industrial sector will drive the development of AI, and in turn, AI advancements will further propel industrialization," said Gong Ke, executive director of the Chinese Institute of New Generation Artificial Intelligence Development Strategies.
The Hongqiao International Economic Forum is being held concurrently with the seventh China International Import Expo (CIIE) which runs from Nov 5 to 10.
AI technology, new industrialization mutually reinforcing: experts
AI technology, new industrialization mutually reinforcing: experts
