According to the latest report of the British Financial Times, China is promoting its trade growth by massively introducing artificial intelligence - related equipment and technology and taking a place in the global AI technology competition.
According to the data recently released by the Chinese customs, in the first four months of 2024, the import value of Chinas automatic data processing equipment and its components (including computers and their components) surged by approximately 50% year - on - year. The import of integrated circuits also achieved double - digit growth. This data clearly shows that China is accelerating the development of artificial intelligence technology and related industries.
After a brief decline in trade in March, due to the surge in AI equipment procurement, Chinas total import value increased by 8.4% year - on - year in April, higher than the analysts predicted growth rate of slightly less than 5%. In terms of exports, the total export value in April also showed a strong recovery, increasing by 1.5% year - on - year, in line with analysts expectations. This change effectively reversed the 7.5% year - on - year decline in March, when the export decline was mainly due to the decline in product prices caused by the sluggish global market.
The Chinese government has taken a number of measures to promote the development of AI technology. In addition to importing a large number of high - end data processing equipment and integrated circuits, China has also adjusted tax policies and financial subsidies to support the research, development and application of AI technology. For example, the government has announced more support for factories, including policies aimed at encouraging industries to upgrade equipment and promoting consumers to buy new home appliances.
In addition, China is striving to create a supportive regulatory environment to attract more AI technology development and application. This includes providing tax breaks and subsidies to encourage enterprises and research institutions to invest in artificial intelligence technology. These measures indicate that the Chinese government has long - term strategic considerations for the development of AI technology and intends to gain an advantage in the global technology competition.
Analysts from HSBC Bank in Hong Kong pointed out that this positive growth trend in Chinas trade may reflect signs of a recovery in global market demand. Against the backdrop of the global economy gradually recovering from the impact of the pandemic, China is gradually enhancing its competitiveness in international trade by strengthening technology imports and optimizing its industrial structure.
With the continuous development and application of AI technology, it is expected that China will further strengthen international cooperation, consolidate its position as a global technology powerhouse by introducing advanced technologies and expanding exports. At the same time, this will also promote the transformation of the Chinese economy towards high - technology and high - value - added directions, thus playing a more important role in the global economy.
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