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Industrial Upgrade Key For Growth - Boao Forum Experts

CHINA PRESS
MNI (BEIJING)

The upgrade of traditional industries using AI and digitalisation – as well as structural transformation – could potentially drive future economic growth, according to Xu Hongcai, deputy director of the Economic Policy Committee of the China Policy Science Research Association. Speaking to Chinese state media on the sidelines of the 2023 Boao Forum, Xu said the upcoming second wave of urbanisation will cause structural changes that will offer growth opportunities, despite China's aging population. Yang Yanqing, director of the Planning and Development Department of Shanghai Artificial Intelligence Laboratory, added the transition to carbon neutrality can drive future economic growth if investment, incentives and structural transformation are comprehensively aligned. (Source: Securities Daily)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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