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Chinese VP urges greater development of foreign-funded businesses in China

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      China

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      Chinese VP urges greater development of foreign-funded businesses in China

      2025-03-24 20:00 Last Updated At:23:37

      Chinese Vice President Han Zheng met with John Swire and Sons Limited Chief Executive Officer (CEO) Merlin Swire and CEO of Novartis Vasant Narasimhan, respectively, in Beijing on Monday, urging greater development of foreign-funded businesses in China.

      Swire and Narasimhan were in Beijing to attend China Development Forum 2025, which was held in the Chinese capital city on Sunday and Monday.

      When meeting with Swire, Han said the world now is facing multiple challenges with profound adjustments in the international economic landscape.

      China adheres to the right course of economic globalization, upholds the system of global trade rules, and unswervingly advances reform and opening up, providing greater stability and certainty to the global economic development, Han said.

      Noting that the UK-based John Swire and Sons Limited is a world-renowned multinational company that has achieved great development in the Chinese mainland and the Hong Kong region, Han urged the company to actively participate in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the Hainan Free Trade Port in south China, and make new contributions in supporting and consolidating Hong Kong's status as an international aviation hub, and other areas.

      When meeting with Narasimhan, Han said that the Switzerland-based Novartis is a globally renowned innovative pharmaceutical company that has made significant contributions to human health.

      The Chinese government encourages and supports the research and development of innovative drugs, strengthens intellectual property protection in accordance with law, and provides a better environment for innovation for foreign enterprises including Novartis, Han said.

      China hopes that Novartis will seize development opportunities in China, fully leverage its strengths, and expand mutually beneficial cooperation, so as to achieve greater development in China, the Chinese vice president added.

      Both Swire and Narasimhan spoke highly of the achievements China has made in economic and social development, expressed optimism about China's development prospects, and showed confidence in investing in China.

      Both companies expressed their commitment to long-term cooperation with China, noting that they will continue to expand their investments and work toward new outcomes in mutually beneficial cooperation between Britain and China, as well as Switzerland and China.

      Chinese VP urges greater development of foreign-funded businesses in China

      Chinese VP urges greater development of foreign-funded businesses in China

      Next Article

      Global AI governance cannot happen without China: American columnist

      2025-03-27 05:02 Last Updated At:08:17

      It's impossible to build a system of governance that ensures artificial intelligence (AI) systems always operate and police themselves in alignment with both human and machine well-being without the participation of China, American columnist Thomas L. Friedman said in an article on Tuesday.

      Friedman, a three-time Pulitzer Prize winner and the author of "The World Is Flat: A Brief History of the Twenty-First Century," attended the China Development Forum 2025 held on March 23 and 24 in Beijing.

      Based on what he saw and heard during the event, Friedman published an article in the New York Times titled "What I'm Hearing in China This Week About Our Shared Future" on Tuesday.

      "There is an earthshaking event coming — the birth of artificial general intelligence (AGI). The United States and China are the two superpowers closing in on AGI — systems that will be as smart or smarter than the smartest human and able to learn and act on their own," the article reads.

      Friedman cited an M.I.T. Technology Review report on the "16 humanoid robots" that danced on stage during China's televised Spring Festival gala this year which read: "Clad in vibrant floral print jackets, they took part in a signature ... dance, twirling red handkerchiefs in unison with human dancers."

      Friedman wrote in his column that "In their day job, these robots work assembling electric vehicles. Dancing was just their hobby."

      "The advances that China has made on AI in just the past year have made it absolutely clear that Beijing and Washington are now the world's two AI superpowers," Friedman wrote.

      He mentioned a recent report by Morgan Stanley describing China's dominance over the West in the humanoid robot industry, saying the country is home to a majority of the top-listed companies in this sector.

      Noting AI systems and humanoid robots offer so much potential benefit to humanity, Friedman warned they could also be hugely destructive and destabilizing if not embedded with the right values and controls.

      He repeatedly stressed the importance of collaboration between the U.S. and China in AI.

      "Because what Soviet-American nuclear arms control was to world stability since the 1970s, U.S.-Chinese AI collaboration to make sure we effectively control these rapidly advancing AI systems will be for the stability of tomorrow's world," Friedman wrote.

      "China has greatly narrowed the gap with us and surpassed the other democracies. This can't be done without Beijing. So guess who's coming to dinner. It's a table for two now," he said.

      Friedman wrote in the article that "Once AGI arrives, if we are not assured that these systems will be embedded with common trust standards, the United States and China will not be able to do anything together."

      He pointed out that in this case, neither side will trust anything they trade with the other, because AI will be in everything that is digital and connected, including cars, watches, toasters, chairs, implants, and notepads.

      "So if there is no trust between the U.S. and China and each of the two countries has their own AI systems, it will be the TikTok problem on steroids. A lot of trade will just grind to a halt, with only soybeans for soy sauce sold to each other," Friedman wrote, saying "It will be a world of high-tech feudalism."

      Friedman said he was taken with a speech by Israeli historian Yuval Noah Harari during the conference, who said that "We should build more trust between humans before we develop truly superintelligent AI agents. But we are now doing exactly the opposite. All over the world, trust between humans is collapsing. Too many countries think that to be strong is to trust no one and be completely separated from others. If we forget our shared human legacies and lose trust with everyone outside us, that will leave us easy prey for an out-of-control AI."

      Global AI governance cannot happen without China: American columnist

      Global AI governance cannot happen without China: American columnist

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