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AI to boost growth of China's ICT sector in 2025: report

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      China

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      AI to boost growth of China's ICT sector in 2025: report

      2024-12-24 21:32 Last Updated At:23:47

      China's information and communications technology (ICT) industry will maintain growth in 2025, with artificial intelligence (AI) becoming a major booster to the sector, according to a forecast report released by the China Academy of Information and Communications Technology (CAICT) on Monday.

      The latest data from the Ministry of Industry and Information Technology (MIIT) indicated steady growth in China's telecom sector in the first 11 months of 2024, with telecom revenues and total business volume rising by 2.6 percent and 10 percent year on year, respectively.

      On Monday, the CAICT shared its forecast for 2025, predicting that the information and communications industry will sustain its growth trend, with the AI Plus initiative exerting more and more effects.

      The country's government work report released in March this year unveiled an AI Plus initiative, a strategic move designed to propel the digital economy's expansion and spearhead the transformation and modernization of manufacturing sectors.

      In an interview with China Central Television, Wang Zhiqin, vice president of the CAICT, said AI will continue drive the development of the relevant sectors going forward.

      "In the next three years, China's ICT industry is expected to grow at an average annual rate of 8 percent. AI development has driven the advancement of computing power, chips, commuting terminals and AI networks. We hope the AI Plus initiative will lead to the establishment of pilot projects in key industries and scenarios," she said.

      The Central Economic Work Conference held in mid December said the country will launch the AI Plus initiative next year.

      Industry experts say they believe this initiative will first target sectors with abundant data conditions, such as research, industrial manufacturing, Internet of Vehicles and healthcare.

      MIIT officials revealed that China's computing power now ranks the second globally, with intelligent computing accounting for more than 30 percent of the total.

      "We will make forward-thinking arrangements for cutting-edge technologies such as 6G, AI and quantum information to promote in-depth integration of industrial big models at all stages, including research and development, production, pilot testing, service, and management, helping enterprises in achieving smart transformation, digital upgrades and network connectivity," said Zhang Yunming, Vice Minister of the MIIT.

      Furthermore, experts pointed out that the widespread application of AI will place higher demands on network infrastructure. A major focus for the upcoming year will be the development of intelligent computing wide-area networks, which are crucial for supporting AI-driven innovations.

      AI to boost growth of China's ICT sector in 2025: report

      AI to boost growth of China's ICT sector in 2025: report

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      Trump mulls tariff exemption for certain agricultural products from Canada, Mexico

      2025-03-06 17:24 Last Updated At:17:37

      U.S. President Donald Trump is considering exempting some agricultural imports from Canada and Mexico from tariffs, signaling a shift in policy one day after the United States' new levies on its two neighboring countries took effect.

      In a move aimed at providing relief to certain sectors, Agriculture Secretary Brooke Rollins told Bloomberg News on Wednesday that the administration is open to adjusting tariff policies for agriculture, adding that "everything is on the table" for future exemptions.

      Rollins expressed the hope that the government could provide relief to agricultural industries, such as potash and fertilizers, which are critical to U.S. farming.

      Speaking at the White House, Rollins emphasized the president's focus on the issue, stating, "We trust the president's leadership on this. I know he is hyper-focused on these communities."

      Rollins was meeting with Trump and senior economic advisors to discuss the next steps in addressing concerns raised by agricultural sectors affected by the new tariffs, according to the news report.

      The announcement follows earlier moves by the Trump administration to delay automotive tariffs on imports from Mexico and Canada by one month, after pressure from industry executives.

      The tariffs, initially announced in an executive order on February 1, set a 25 percent tax on products imported from the two countries.

      On Wednesday, White House Press Secretary Karoline Leavitt confirmed that the U.S. will grant a one-month tariff exemption for cars imported through the US-Mexico-Canada Agreement, as part of ongoing discussions to ease the impact of the tariffs on key industries.

      Trump mulls tariff exemption for certain agricultural products from Canada, Mexico

      Trump mulls tariff exemption for certain agricultural products from Canada, Mexico

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