It is necessary to resolutely fight exhaustive competition to improve the market environment, Chinese President Xi Jinping said in an article published in Qiushi magazine.
„It is necessary to comprehensively rationalize „involutional“ (meaningless, exhausting and without quality growth) competition and create a favorable market ecosystem“, the article emphasizes.
The head of state also called for accelerating the adoption of regulations to create a single national market.
China should deepen the integration of artificial intelligence into the real economy, while improving the governance of this technology.
„The Artificial Intelligence + initiative should be deepen and broaden, and the management of artificial intelligence should be improved“, the text says.
The Chinese leader also pointed out the need to accelerate the digital transformation of industry and the development of intelligent manufacturing to create new engines of economic growth.