The development of the smart economy consists of two super cycles involving AI-centered technological industries and AI-driven new industries. AI provides the foundational capabilities for emerging industries while their expansion, in turn, accelerates technological breakthroughs. Their coordination can form a flywheel effect to drive economic growth.
The Boao Forum for Asia Annual Conference 2026 was held this week in Hainan province with the theme of "Shaping a Shared Future: New Dynamics, New Opportunities, New Cooperation". China News Service spoke to Wu Shicun, chairman of the Huayang Center for Maritime Cooperation and Ocean Governance on the forum's role in regional development. Below are excerpts of the interview.
A press conference for the 2026 Boao Forum for Asia (BFA) annual conference and the launch of its flagship reports was held on Tuesday in Boao, south China's Hainan Province.
China welcomes companies from the United States to continue expanding their presence in the Chinese market and prosper together with China, according to Minister of Commerce Wang Wentao.
The 2026 Zhongguancun Forum (ZGC Forum) Annual Conference opened on Wednesday in Beijing under the theme "Full Integration Between Technological and Industrial Innovation." The event runs from March 25 to 29.
While economic fragmentation and protectionism are on the rise, Asia has formed a dynamic regional economy that effectively hedges against external risks. In the past three decades, intra-regional trade and investment in Asia have grown markedly, consolidating its role as a "ballast" for global trade.
The Boao Forum for Asia remains one of the best platforms in the world to hear ideas you won't hear anywhere else. And at a panel I moderated on Wednesday on climate governance, one idea stood out.
China's Ministry of Commerce on Thursday urged Japan to reflect on and correct its mistakes to pave the way for normal economic and trade cooperation between the two countries.
A 19-year-old man in China was sentenced to three years in prison, suspended for five years, after planting plastic film in mooncakes and demanding compensation from multiple hotels, authorities said, according to media reports.
China's total installed power generation capacity reached approximately 3.95 billion kilowatts by the end of February, representing a 15.9 percent increase year-on-year, according to data released by the National Energy Administration on Wednesday.
A Los Angeles jury on Wednesday found Meta and Google negligent for designing addictive apps and for failing to warn of their associated dangers, and liable for harm caused to a young user. The landmark verdict could pave the way for numerous lawsuits against social media companies on similar grounds.
China's steady growth prospects, underpinned by its policy predictability, strong innovation momentum and vast domestic market, are injecting certainty into both the regional and the global economy amid geopolitical headwinds and energy-related crises, experts said on Tuesday.
Asia's economy is set to remain a key driver of global growth despite mounting external uncertainties, a flagship report released at the ongoing Boao Forum for Asia annual conference in China's Hainan province has stated.
With the China Import and Export Fair just around the corner, organizers have announced eight new exhibition zones to be dedicated to displaying green and smart products and technologies from Chinese companies.
China's daily artificial intelligence (AI) token use has risen more than 1,000-fold over the past two years, a senior official said Monday, reflecting rapid growth in the country's AI sector.
Amid global economic uncertainty, China's combination of continuing openness, massive market scale and innovation capacity is offering multinational companies a predictable and rewarding business climate — one that is increasingly shaping their long-term commitment to the world's second-largest economy, senior officials and business leaders said.
Vice-Premier He Lifeng met with a delegation from the U.S.-China Business Council on Sunday in Beijing and expressed hope that U.S. companies will bring more stability and positive energy to bilateral economic and trade ties.
Tim Cook, CEO of Apple, said Friday that China still accounts for the vast majority of the company's global supply chain, with 80 of its top 100 suppliers operating in the country.
A series of dialogues between CEOs of multinational corporations and senior officials of Beijing took place on Friday, setting the stage for a new model of future cities.
China and the United States have agreed to continue making good use of their economic and trade consultation mechanism to strengthen dialogue and communication, the Ministry of Commerce said on Thursday.
China's monetary policy is set to remain on an easing path to support growth and domestic demand as the United States Federal Reserve held rates steady amid rising oil prices driven by geopolitical uncertainties in the Middle East, officials and analysts said.
China will implement new regulations on the registration of overseas manufacturers exporting food to China, starting from June this year, the General Administration of Customs (GAC) has announced.
"Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has been little changed in recent months. Inflation remains somewhat elevated," said the Federal Open Market Committee (FOMC) in a statement.
In a significant development for China's semiconductor industry, a recent teardown of Honor's latest overseas smartphone model, the X6d, has revealed that domestic company Newsonic Electronics is supplying a comprehensive suite of radio frequency front-end components for the device.
Gansu province recorded a strong start to its foreign trade performance in 2026, with total imports and exports reaching 14.53 billion yuan ($2.1 billion) in the first two months, up 16.6 percent year-on-year, according to Lanzhou Customs.
While the broader economy still faces challenges from an evolving external environment, rising geopolitical tensions and lingering structural pressures at home, officials, economists and global business leaders remain broadly optimistic about the outlook.
Meta is reportedly planning to lay off 20% or more of its workforce, pivoting more resources toward costly AI investments, according to Reuters, as more US tech firms rapidly scale down their human workforce to make room for an AI capital-expenditure spree.
China and the United States discussed the "possible extension" of existing bilateral tariff and non-tariff measures and floated the idea of establishing a working mechanism to promote bilateral trade and investment cooperation during their latest round of trade talks in Paris, France, a senior Chinese official said on Monday.
China will introduce new rules requiring food delivery platforms to verify restaurant identities, licenses and operating addresses in a bid to crack down on "ghost kitchens," regulators said, with the measures set to take effect in June this year, according to media reports.
China's latest five-year blueprint doesn't just pledge to develop new quality productive forces -- it maps out exactly how to get there.
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