Index Investing News
Thursday, February 5, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

China’s premier tells Davos that innovation shouldn’t be used to restrict other nations

by Index Investing News
January 17, 2024
in Markets
Reading Time: 3 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


Li Qiang, China’s premier, delivers a special address on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 16, 2024.

Bloomberg | Bloomberg | Getty Images

Chinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries.

“To keep the competition healthy and bring out the greatest vitality, the only way is to enhance cooperation in innovation,” Li said via an official English translation of his Mandarin-language remarks made on Tuesday at the World Economic Forum in Davos, Switzerland.

“Scientific and technological fruits should benefit humanity as a whole, instead of becoming a means to restrict or contain the development of other countries,” Li added, calling for “more open measures.”

Li did not specifically name any countries in his remarks. Beijing has repeatedly asked Washington to remove restrictions on Chinese companies that prevent them from buying advanced technology from U.S. firms.

U.S. measures in the last two years have explicitly focused on cutting China off from high-end semiconductors used for artificial intelligence, out of concern that the tech is fueling the military capabilities of Beijing.

Following his speech, Li spoke about the risks and opportunities of generative AI, such as ChatGPT, in a brief question-and-answer session with World Economic Forum Founder Klaus Schwab.

“To put plainly, we human beings must control the machines instead of having the machines control us,” Li said, calling for a universal “red line in AI development” without specifying details.

He added that AI shouldn’t just benefit a small group of people, and that the interests of developing countries should be prioritized.

U.S.-based OpenAI’s ChatGPT surged in popularity just over a year ago, but isn’t officially available in China. Many similar chatbots from Chinese companies, such as Baidu and Alibaba, launched to the public in mainland China, after getting the green light from authorities in August.

”In AI, we are doing a lot of work to roll out policies and regulations,” Li said. “We introduced many laws and regulations to ensure the data security, AI-related ethics and generative AI services. All these are efforts to explore an AI governance framework suited to China’s national conditions.”

Global cooperation

Li on Tuesday cast China as a supporter of multilateralism and called for further global cooperation.

In his speech to global business leaders, Li emphasized that China would take steps to address concerns about the flow of data across international borders and the ability to participate equally in government procurement.

Foreign businesses operating in China have found it difficult to comply with the country’s tightened restrictions on data collection and export, also complaining that domestic businesses have unfair advantages when competing for local government bids.

“China remains firmly committed to opening up,” Li said. “We will continue to create favorable conditions for the world to share in China’s opportunities.”

Li met with Swiss President Viola Amherd ahead of the Davos conference and is set to visit Ireland later in the week.

China on Monday announced it will give Swiss citizens visa-free entry, while the Swiss side will “provide more visa facilitation” for Chinese citizens and businesses investing in Switzerland. It is not clear when the measures will take effect.

China’s economic growth

Li separately said in his speech of Tuesday that the Chinese economy grew by around 5.2% in 2023. His comments come a day ahead of the National Bureau of Statistics’ scheduled release of official GDP figures and other data, set for Wednesday in Beijing.

“In promoting economic development, we did not resort to massive stimulus. We did not seek short-term growth while accumulating long-term risks,” Li said. “Rather, we focused on strengthening the internal drivers.”

Chinese President Xi Jinping is skipping Davos this year. His U.S. counterpart Joe Biden has likewise not attended event since he became president.

Xi earlier on Tuesday called for increasing the connections between domestic and overseas financial markets, while ensuring financial security, according to state media outlet Xinhua.

The Chinese leader was giving a speech about the “high-quality development of China’s financial sector” at a school for Chinese Communist Party officials, also known as the National Academy of Governance.

— CNBC’s Jenni Reid contributed to this report.



Source link

Tags: ChinasDavosinnovationNationsPremierrestrictShouldnttells
ShareTweetShareShare
Previous Post

Mahindra Aerostructures to supply around 5,000 varieties of metallic components to Airbus

Next Post

Albemarle cuts 2024 capital expenditure forecast to $1.6-$1.8 billion By Investing.com

Related Posts

Top Lessons From a Record Trading Month

Top Lessons From a Record Trading Month

by Index Investing News
February 4, 2026
0

It’s early February… There’s still time to get on the right track and flip your account in 2026. For example,...

Seacoast Banking Reports Q4 and Full-Year 2025 Results, Boosted by Balance Sheet Expansion

Seacoast Banking Reports Q4 and Full-Year 2025 Results, Boosted by Balance Sheet Expansion

by Index Investing News
January 31, 2026
0

Seacoast Banking Corporation of Florida (NASDAQ: SBCF) reported fourth-quarter and full-year 2025 financial results on Thursday, characterized by significant balance...

The top 10 analysts of 2025, as measured by TipRanks

The top 10 analysts of 2025, as measured by TipRanks

by Index Investing News
January 27, 2026
0

Vcg | Visual China Group | Getty ImagesWall Street analysts guide investors with their research and useful insights, but some...

Venezuelans turned to Tether-issued USDT stablecoin as its government wobbled

Venezuelans turned to Tether-issued USDT stablecoin as its government wobbled

by Index Investing News
January 19, 2026
0

The Tether (USDT) stablecoin logo.Costfoto | Nurphoto | Getty ImagesAmid the U.S. military intervention in Venezuela, locals rushed to secure...

Is Greenland Next? – Banyan Hill Publishing

Is Greenland Next? – Banyan Hill Publishing

by Index Investing News
January 11, 2026
0

I was at CES in Las Vegas this week, and I’ll have much more to share with you about what...

Next Post
Albemarle cuts 2024 capital expenditure forecast to .6-.8 billion By Investing.com

Albemarle cuts 2024 capital expenditure forecast to $1.6-$1.8 billion By Investing.com

What Will Be Nominated for Oscars Next Week, and What Won’t?

What Will Be Nominated for Oscars Next Week, and What Won’t?

RECOMMENDED

3 Altcoins That defy Bitcoin Dominance And Continue To Rally

3 Altcoins That defy Bitcoin Dominance And Continue To Rally

October 22, 2022
Chagos freed, solar lastly units on the British Empire

Chagos freed, solar lastly units on the British Empire

October 13, 2024
A 1904 Massacre Could Help Save the Future of Indigenous Peoples in Brazil — Global Issues

A 1904 Massacre Could Help Save the Future of Indigenous Peoples in Brazil — Global Issues

June 10, 2023
Earnings Summary: A snapshot of TransDigm’s Q4 2023 results

Earnings Summary: A snapshot of TransDigm’s Q4 2023 results

November 9, 2023
Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam – Regulation Bitcoin News

Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam – Regulation Bitcoin News

March 14, 2023
Integra LifeSciences Holdings Company 2024 Q3 – Outcomes – Earnings Name Presentation (NASDAQ:IART)

Integra LifeSciences Holdings Company 2024 Q3 – Outcomes – Earnings Name Presentation (NASDAQ:IART)

November 4, 2024
DSV A/S 2023 Q3 – Results – Earnings Call Presentation (OTCMKTS:DSDVF)

DSV A/S 2023 Q3 – Results – Earnings Call Presentation (OTCMKTS:DSDVF)

October 29, 2023
Current roster strikes cement 2022 QB class as one among worst ever

Current roster strikes cement 2022 QB class as one among worst ever

September 1, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In