... and began a turn towards increasing competitive advantages, adjusting the structure of the industry and developing new sectors. Along with the stress on agriculture and projects to provide livelihoods and raise incomes in urban and rural districts, China’s key priorities included developing advanced technologies and promoting technical innovations. Over the next two years, the Chinese government
allocated
4 trillion yuan (about $570 billion) to priority areas of economic development.
In September 2009, responding to the new economic environment and international competition, Premier ...
... Management SKOLKOVO Vladimir Korovkin.
What should countries base their competitive edge on to become a leader in the technological race?
Vassily Kashin:
What Opportunities are Opening up for Russia against the Backdrop of the Tech War between the U.S. and China?
The digital economy is an economy of innovations, not inventions. This is a very important distinction. An invention is anything that is radically new from a technological point of view. An innovation is something that has been accepted by the market. An innovation can have very little value ...
... high-quality) manufactured goods. It is a model that has facilitated several decades of double-digit economic growth rates.
However, China has now fallen into the trap of average income. The population’s living standards have grown, reducing the country’s ... ... labour - to naught. As a result, the only solution is to compete with developed economies and with their qualified personnel and innovations. To do so, the country needs a technological breakthrough. Artificial intelligence could play just such a part.
The ...
