China has introduced the concept of a “new smart economy,” emphasizing artificial intelligence as a key driver of future economic growth.

Chinese Premier Li Qiang stressed the need to build a new form of smart economy during his government work report at the National People’s Congress in Beijing.

The concept was mentioned for the first time in the government report, drawing attention as China accelerates efforts to reshape its economy through artificial intelligence technologies.

The government plans to deepen its “AI Plus” strategy, combining artificial intelligence with various industries. It also aims to promote next-generation smart devices, expand the commercial use of AI in key sectors, and support open-source AI communities.

Officials said the smart economy refers to expanding the scope and depth of AI capabilities across industries, turning technological advances into new engines of economic growth.

Experts believe the smart economy could reshape production, distribution, and consumption by integrating artificial intelligence into the entire economic system.

China has recently accelerated policy support for AI and robotics industries. Robot shows were broadcast nationwide during the Lunar New Year holiday, and subsidies have been introduced to promote smart devices such as AI-powered glasses.

Analysts say China is strengthening its focus on artificial intelligence as a strategic industry amid intensifying technology competition with the United States.

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#SmartEconomy
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#GlobalEconomy

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