Foreign firm execs keen on China’s AI boom
2025-03-07 20:06 China Daily
XU: AI technology presents significant opportunities for businesses to enhance efficiency, improve customer experience and drive innovation. We are closely monitoring its development and are keen to see how AI could be applied to the aerospace industry and contribute to building a smart civil aviation sector, which is advocated by the Chinese authorities. China has demonstrated a strong commitment and capability in terms of technological innovation. The country's robust ecosystem — supported by government policies, a strong talent pool and a large market — well positions it to sustain innovation in technologies breakthroughs in the coming years. Airbus is more than happy to embrace China's innovative research power and extend this technological experience to the aerospace sector to drive progress of the aerospace industry.
Q4Driving domestic consumption is one of the top priorities for China to spur economic growth this year. How do you see China's potential to drive a consumption-led impetus for the economy? How will that affect your company's profitability this year?
HU: Following the earlier expansion of trade-in programs to cover more consumer goods in January, we think the program size may be more than doubled to over 300 billion yuan ($41.4 billion) this year. The government may also propose to “properly “increase pension payout levels for retired employees and urban-rural households, and increase the subsidy standard for basic social insurance. These much-anticipated measures could gradually help underpin household confidence and unleash consumption potential over the long run.