Exclusive: China leads in industries fundamental to future economy – UK business leader

Translation. Region: Russian Federation –

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

Boao, China, March 26 (Xinhua) — China has become a global leader in robotics and green energy – sectors that are not isolated but fundamental to the economy of the future. Group of 48 Chairman Jack Perry said this in an interview with Xinhua on the sidelines of the annual meeting of the Boao Forum for Asia on Tuesday.

The speed of China's technological and innovative development in recent years has been incredible, he noted.

China's strategy for high-quality development and the creation of new-quality productive forces targets high-tech industry, stimulating technology-driven growth and moving Chinese manufacturing up global value chains, said J. Perry.

He said China was later to develop high-tech sectors than many other countries, but has become a global leader, made significant progress, and is changing the global innovation landscape.

The British entrepreneur emphasized that China's tech boom has attracted global investors who recognize its long-term stability and growth potential. "China is building world-class capabilities in industry after industry. For those seeking to build wealth over generations, mainland China remains a key long-term investment destination," he stated.

At the same time, China's openness has entered a new phase: it's no longer just about Chinese brands entering the global market, but also about global brands being nurtured and launched in China, the agency's source said.

The concept of "made in China" is being transformed into "created in China, grown in China, sold by China," which gives the country greater control over sales markets and global supply chains, noted J. Perry.

He emphasized the importance of regulating artificial intelligence (AI) and expressed strong support for China's proposed Global AI Governance Initiative. While AI transcends borders, issues such as data, privacy, digital assets, and financial applications remain highly sensitive, the entrepreneur said.

The world must work together to establish rules for artificial intelligence, said J. Perry, stressing that dialogue and joint guidelines are necessary to prevent abuses, crimes and disorderly development.

J. Perry also emphasized the growing central role of Asia, calling it the driving force of the global economy and adding that the region's geographic advantages, industrial clusters and dynamically developing markets are attracting attention and investment from around the world.

He called on Asia to continue strengthening economic ties, learn from ASEAN integration, and use mechanisms such as the Regional Comprehensive Economic Partnership to reduce trade barriers and mitigate the impact of protectionism and tariff increases.

"No country can thrive alone in an unstable world. Regional and multilateral cooperation is indispensable," said J. Perry.

As a strong supporter of multilateralism, China, he said, brings stability and confidence to the global economy. –0–

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