Xinhua Finance Evening News: Develop ‘Artificial Intelligence +’ and Resolutely Avoid Disorderly Competition and Rushing

The National Development and Reform Commission stated the importance of developing ‘Artificial Intelligence +’ while resolutely avoiding disorderly competition and rushing. The Ministry of Finance reported that state-owned enterprises’ total operating income in the first seven months remained flat compared to the same period last year, with a 3.3% year-on-year decrease in total profits. Guangdong province is focusing on accelerating the development of industries such as artificial intelligence, robots, and integrated circuits to form a new batch of investment hotspots.

A key emphasis has been placed on ensuring the strategic development of ‘Artificial Intelligence +’ to prevent disorderly competition and rushing. According to the Ministry of Finance, the total operating income of state-owned enterprises from January to July remained the same as the previous year, while total profits saw a 3.3% year-on-year decrease. Guangdong province is actively pushing for the development of industries like artificial intelligence, robots, and integrated circuits, aiming to create new investment opportunities.

In domestic news, Huo Fupeng, Director of the Innovation-Driven Development Center of the National Development and Reform Commission, highlighted the importance of strategic development in ‘Artificial Intelligence +’ and the need to avoid hasty competition. The Ministry of Finance’s data revealed that state-owned enterprises maintained a stable total operating income from January to July, but experienced a slight 3.3% decline in total profits compared to the same period last year. Guangdong province is intensifying efforts to foster industries such as artificial intelligence, robots, and integrated circuits to establish new investment catalysts.

Amidst the growing focus on developing ‘Artificial Intelligence +,’ authorities stress the necessity of steering clear of disorderly competition and rash decision-making. State-owned enterprises registered consistent total operating income levels for the first seven months, although total profits declined by 3.3% year-on-year. Notably, Guangdong province is moving swiftly to promote the growth of key industries like artificial intelligence, robotics, and integrated circuits, paving the way for fresh investment opportunities.