China’s economy recovered last year and grew by an estimated 5.2 percent, surpassing the 5 percent target, Chinese Premier Li Qiang said today in a speech at the World Economic Forum (WEF) in Davos, Switzerland. The Premier said China is open for business and has the potential for foreign investment.
Economic struggles
According to Reuters, China is still struggling with the downturn caused by the covid-19 pandemic. The Chinese economy is also being hit by the housing crisis and weak global growth.
In his speech today, the Chinese Prime Minister called on the countries of the world to shed their prejudices and work together to eliminate the mistrust that he said threatens global growth and development. The Premier pointed out, among other things, the gap between the rich North and the poor South.
Developing countries and AI
The needs of developing countries must also be taken into account in the development of artificial intelligence, according to Li. “Artificial intelligence must be human-centric. We humans must control the machines, it must not be the other way around. Artificial intelligence must also be inclusive and beneficial to everyone, not just a small group of people,” Li said.
Li Qiang is the highest-ranking Chinese official to attend the World Economic Forum in Davos since 2017. In 2017, Chinese President Xi Jinping was in Davos.
Source: Czech press office
