China aims to curb excessive competition in its rapidly developing artificial intelligence sector, emphasizing a coordinated growth strategy among provinces to prevent wasteful investments. Zhang Kailin of the National Development and Reform Commission stated, “We will resolutely avoid disorderly competition or a ‘follow-the-crowd’ approach” during a recent briefing. This move aligns with President Xi Jinping's warnings against over-investment. With a focus on nurturing innovation, China looks to position AI as a vital economic pillar.
China aims to curb excessive competition in its rapidly developing artificial intelligence sector, emphasizing a coordinated growth strategy among provinces to prevent wasteful investments. Zhang Kailin of the National Development and Reform Commission stated, “We will resolutely avoid disorderly competition or a ‘follow-the-crowd’ approach” during a recent briefing. This move aligns with President Xi Jinping's warnings against over-investment. With a focus on nurturing innovation, China looks to position AI as a vital economic pillar.